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Forex Trend Analysis Report

Prepared for you on Friday, November 1, 2024.

Canadian Dollar/Romanian Leu (FOREX:CADRON)

Bear Market Rally (-75) - CADRON is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CADRON as it may be in the beginning of a reversal.

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
3.2822282 3.2938870 3.2804020 3.2907599 +0.0085320
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 Oct 30th, 2024 at 3.2968125

short term up The short-term trend has been UP since Oct 29th, 2024 at 3.3188793

Smart Scan Analysis for CADRON

Based on our trend formula, CADRON is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for CADRON
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.2822282 3.2938870 3.2804020 3.2907599 +0.0085320
Prev. Close Volume Bid Ask Time
3.2822282 2024-11-01 12:46:52
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