Forex Trend Analysis Report
Prepared for you on Monday, June 14, 2021.
South African Rand/Romanian Leu (FOREX:ZARRON)
Bull Market Weakness (+75) - ZARRON is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARRON as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ZARRON?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARRON.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARRON
The long-term trend has been UP since Feb 12th, 2021 at 0.27559606
The intermediate-term trend has been UP since May 10th, 2021 at 0.28925579
The short-term trend has been DOWN since Jun 9th, 2021 at 0.29725302
Smart Scan Analysis for ZARRON
Based on our trend formula, ZARRON is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).