Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Euro/Romanian Leu (FOREX:EURRON)
Crossroads (-60) - EURRON is struggling to move into a solid trend. Beware of choppy markets 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 Sep 2nd, 2021 at 4.9377
The intermediate-term trend has been DOWN since Oct 15th, 2021 at 4.9435
The short-term trend has been DOWN since Oct 20th, 2021 at 4.9450
Smart Scan Analysis for EURRON
Based on our trend formula, EURRON is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).