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Forex Trend Analysis Report

Prepared for you on Thursday, August 11, 2022.

Euro/Romanian Leu (FOREX:EURRON)

Sidelines Mode (+55) - EURRON 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 EURRON?

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

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

FOREX_EURRON
Open High Low EURRON Price Change
4.90450 4.91320 4.90450 4.91115 +0.00665
Entry Signal

MarketClub’s Trade Triangles for EURRON

long term up The long-term trend has been UP since Apr 25th, 2022 at 4.9535

intermediate term down The intermediate-term trend has been DOWN since Jul 11th, 2022 at 4.9403

short term up The short-term trend has been UP since Jul 27th, 2022 at 4.9353

Smart Scan Analysis for EURRON

Based on our trend formula, EURRON is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for EURRON
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.90450 4.91320 4.90450 4.91115 +0.00665
Prev. Close Volume Bid Ask Time
4.90450 2022-08-11 03:55:13
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