Forex Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
Romanian Leu/US Dollar (FOREX:RONUSD)
Strong Downtrend (-100) - RONUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid RONUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for RONUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RONUSD
The long-term trend has been DOWN since Mar 4th, 2021 at 0.24517052
The intermediate-term trend has been DOWN since Mar 1st, 2021 at 0.24656694
The short-term trend has been DOWN since Feb 26th, 2021 at 0.24839205
Smart Scan Analysis for RONUSD
Based on our trend formula, RONUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).