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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Canadian Dollar/Romanian Leu (FOREX:CADRON)
Long-Term Downtrend (-90) - CADRON is in a strong downtrend that is likely to continue. While CADRON 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 CADRON?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADRON.
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 CADRON
The long-term trend has been DOWN since Mar 11th, 2024 at 3.3629354
The intermediate-term trend has been DOWN since Apr 9th, 2024 at 3.3657464
The short-term trend has been DOWN since Apr 24th, 2024 at 3.3956400
Smart Scan Analysis for CADRON
Based on our trend formula, CADRON is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.3723054 | 3.3791805 | 3.3715773 | 3.3739303 | +0.0016250 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.3723054 | 2024-05-09 12:48:15 |