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.
MarketClub’s Trade Triangles for EURRON
The long-term trend has been UP since Sep 20th, 2019 at 4.7535
The intermediate-term trend has been DOWN since Nov 30th, 2020 at 4.8605
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).