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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.

FOREX_ZARRON
Open High Low ZARRON Price Change
0.26017491 0.26321752 0.25961694 0.26196358 +0.00178900
Entry Signal

MarketClub’s Trade Triangles for ZARRON

long term down The long-term trend has been DOWN since Jul 15th, 2022 at 0.28618827

intermediate term down The intermediate-term trend has been DOWN since Jan 16th, 2023 at 0.26606563

short term down 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).

-90
Smart Scan Analysis for ZARRON
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.26017491 0.26321752 0.25961694 0.26196358 +0.00178900
Prev. Close Volume Bid Ask Time
0.26207326 2023-01-27 17:21:35
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