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Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

Canadian Dollar/Romanian Leu (FOREX:CADRON)

Strong Downtrend (-100) - CADRON is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CADRON continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid CADRON?

MarketClub looks at technical strength and momentum to determine if the timing is right for CADRON.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CADRON
Open High Low CADRON Price Change
3.3978693 3.3980835 3.3807539 3.3807539 -0.0171150
Entry Signal

MarketClub’s Trade Triangles for CADRON

long term down The long-term trend has been DOWN since Mar 11th, 2024 at 3.3629354

intermediate term down The intermediate-term trend has been DOWN since Apr 9th, 2024 at 3.3657464

short term down The short-term trend has been DOWN since Apr 16th, 2024 at 3.3846730

Smart Scan Analysis for CADRON

Based on our trend formula, CADRON is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for CADRON
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.3978693 3.3980835 3.3807539 3.3807539 -0.0171150
Prev. Close Volume Bid Ask Time
3.3978693 2024-04-16 10:13:42
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