Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Euro/Romanian Leu (FOREX:EURRON)
Sidelines Mode (+50) - EURRON is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until EURRON can gain momentum.
Is it time to buy, sell, or avoid EURRON?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURRON.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for EURRON
The long-term trend has been DOWN since Feb 29th, 2024 at 4.9630
The intermediate-term trend has been UP since Apr 16th, 2024 at 4.9759
The short-term trend has been UP since May 7th, 2024 at 4.9765
Smart Scan Analysis for EURRON
Based on our trend formula, EURRON is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.97555 | 4.97580 | 4.97492 | 4.97540 | -0.00015 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.97555 | 2024-05-09 14:35:30 |