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Forex Trend Analysis Report

Prepared for you on Friday, December 4, 2020.

Euro/Romanian Leu (FOREX:EURRON)

Sidelines Mode (-50) - EURRON is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until EURRON can gain momentum.

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
4.87290 4.87480 4.87175 4.87215 -0.00075
Entry Signal

MarketClub’s Trade Triangles for EURRON

long term up The long-term trend has been UP since Sep 20th, 2019 at 4.7535

intermediate term down The intermediate-term trend has been DOWN since Nov 30th, 2020 at 4.8605

short term down The short-term trend has been DOWN since Nov 30th, 2020 at 4.8699

Smart Scan Analysis for EURRON

Based on our trend formula, EURRON is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-50
Smart Scan Analysis for EURRON
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.87290 4.87480 4.87175 4.87215 -0.00075
Prev. Close Volume Bid Ask Time
4.87290 2020-12-04 08:57:19
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