Forex Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
Euro/Romanian Leu (FOREX:EURRON)
Countertrend Up (+85) - EURRON is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Nov 30th, 2022 at 4.9560
The intermediate-term trend has been UP since Sep 5th, 2023 at 4.9514
The short-term trend has been DOWN since Oct 3rd, 2023 at 4.9717
Smart Scan Analysis for EURRON
Based on our trend formula, EURRON is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).