Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Friday, January 18, 2019.

/US Dollar (FOREX:RONUSD)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_RONUSD
Open High Low RONUSD Price Change
0.242705 0.242905 0.241280 0.241450 -0.001255
Entry Signal

MarketClub’s Trade Triangles for RONUSD

long term down The long term trend has been DOWN since May 2nd, 2018 at 0.258755

intermediate term down The intermediate term trend has been DOWN since Jan 17th, 2019 at 0.242755

short term down The short term trend has been DOWN since Jan 11th, 2019 at 0.244640

Smart Scan Analysis for RONUSD

Based on a pre-defined weighted trend formula for chart analysis, RONUSD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for RONUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.242705 0.242905 0.241280 0.241450 -0.001255
Prev. Close Volume Bid Ask Time
0.242705 0.241160 0.241740 2019-01-18 13:08:37
Want to analyze /US Dollar RONUSD or another symbol? Try our Free Forex Trend Analysis Report.