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Forex Trend Analysis Report
Prepared for you on Sunday, November 24, 2024.
Romanian Leu/South African Rand (FOREX:RONZAR)
Bear Market Rally (-75) - RONZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on RONZAR as it may be in the beginning of a reversal.
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 DOWN since Sep 27th, 2024 at 3.8365796
The intermediate-term trend has been UP since Nov 13th, 2024 at 3.8757003
The short-term trend has been DOWN since Nov 22nd, 2024 at 3.8035403
Smart Scan Analysis for RONZAR
Based on our trend formula, RONZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.7882117 | 3.7882117 | 3.7746142 | 3.7746142 | -0.0135980 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.7882117 | 2024-11-24 16:02:37 |