Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
Australian Dollar/Romanian Leu (FOREX:AUDRON)
Sidelines Mode (-55) - AUDRON is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid AUDRON?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDRON.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AUDRON
The long-term trend has been DOWN since Jul 1st, 2022 at 3.2259159
The intermediate-term trend has been UP since Jul 7th, 2022 at 3.3290014
The short-term trend has been DOWN since Aug 15th, 2022 at 3.3673413
Smart Scan Analysis for AUDRON
Based on our trend formula, AUDRON is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).