Forex Trend Analysis Report
Prepared for you on Friday, March 29, 2024.
Euro/Romanian Leu (FOREX:EURRON)
Strong Downtrend (-100) - EURRON is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURRON continues to fall. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for EURRON
The long-term trend has been DOWN since Feb 29th, 2024 at 4.96300
The intermediate-term trend has been DOWN since Feb 26th, 2024 at 4.97225
The short-term trend has been DOWN since Mar 28th, 2024 at 4.97130
Smart Scan Analysis for EURRON
Based on our trend formula, EURRON is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
4.97074 | 4.97139 | 4.96915 | 4.96925 | -0.00149 |
Prev. Close | Volume | Bid | Ask | Time |
4.97074 | 2024-03-29 10:38:52 |