Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
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 Feb 12th, 2021 at 4.88115
The intermediate-term trend has been UP since Feb 12th, 2021 at 4.88000
The short-term trend has been DOWN since Feb 23rd, 2021 at 4.87380
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).