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.
MarketClub’s Trade Triangles for EURRON
The long-term trend has been UP since Apr 25th, 2022 at 4.9535
The intermediate-term trend has been DOWN since Jul 11th, 2022 at 4.9403
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).