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Forex Trend Analysis Report

Prepared for you on Wednesday, June 7, 2023.

Romanian Leu/Euro (FOREX:RONEUR)

Sidelines Mode (-55) - RONEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid RONEUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for RONEUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_RONEUR
Open High Low RONEUR Price Change
0.20160076 0.20176753 0.20148297 0.20170584 +0.00010500
Entry Signal

MarketClub’s Trade Triangles for RONEUR

long term down The long-term trend has been DOWN since Nov 30th, 2022 at 0.20188163

intermediate term down The intermediate-term trend has been DOWN since May 16th, 2023 at 0.20225724

short term up The short-term trend has been UP since Jun 7th, 2023 at 0.20169835

Smart Scan Analysis for RONEUR

Based on our trend formula, RONEUR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for RONEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20160076 0.20176753 0.20148297 0.20170584 +0.00010500
Prev. Close Volume Bid Ask Time
0.20160076 2023-06-07 05:50:54
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