Forex Trend Analysis Report
Prepared for you on Monday, November 30, 2020.
Australian Dollar/Romanian Leu (FOREX:AUDRON)
Countertrend Up (+85) - AUDRON is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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 Nov 11th, 2020 at 3.0119933
The intermediate-term trend has been UP since Nov 4th, 2020 at 2.9830709
The short-term trend has been DOWN since Nov 30th, 2020 at 3.0019814
Smart Scan Analysis for AUDRON
Based on our trend formula, AUDRON is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).