Forex Trend Analysis Report
Prepared for you on Saturday, January 28, 2023.
South African Rand/Romanian Leu (FOREX:ZARRON)
Long-Term Downtrend (-90) - ZARRON is in a strong downtrend that is likely to continue. While ZARRON is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Jul 15th, 2022 at 0.28618827
The intermediate-term trend has been DOWN since Jan 16th, 2023 at 0.26606563
The short-term trend has been DOWN since Jan 16th, 2023 at 0.26931168
Smart Scan Analysis for ZARRON
Based on our trend formula, ZARRON is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).