Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
Romanian Leu/Euro (FOREX:RONEUR)
Long-Term Uptrend (+90) - RONEUR is in a strong uptrend that is likely to continue. While RONEUR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for RONEUR
The long-term trend has been UP since Aug 8th, 2022 at 0.20347541
The intermediate-term trend has been UP since Jul 11th, 2022 at 0.20241691
The short-term trend has been UP since Aug 8th, 2022 at 0.20311378
Smart Scan Analysis for RONEUR
Based on our trend formula, RONEUR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).