Forex Trend Analysis Report
Prepared for you on Monday, December 11, 2023.
Australian Dollar/Romanian Leu (FOREX:AUDRON)
Long-Term Uptrend (+90) - AUDRON is in a strong uptrend that is likely to continue. While AUDRON is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Dec 1st, 2023 at 3.0469176
The intermediate-term trend has been UP since Nov 1st, 2023 at 3.0151202
The short-term trend has been UP since Dec 8th, 2023 at 3.0382139
Smart Scan Analysis for AUDRON
Based on our trend formula, AUDRON is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).