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Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
Romanian Leu/South African Rand (FOREX:RONZAR)
Sidelines Mode (+55) - RONZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid RONZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for RONZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for RONZAR
The long-term trend has been UP since Jul 15th, 2022 at 3.4942073
The intermediate-term trend has been UP since Feb 13th, 2023 at 3.9272378
The short-term trend has been DOWN since Mar 23rd, 2023 at 3.9789703
Smart Scan Analysis for RONZAR
Based on our trend formula, RONZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.9924800 | 4.0079241 | 3.9625306 | 3.9774995 | -0.0149810 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.9924800 | 2023-03-28 17:23:07 |