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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.

FOREX_RONUSD
Open High Low RONUSD Price Change
0.24398611 0.24398611 0.24220735 0.24230712 -0.00167900
Entry Signal

MarketClub’s Trade Triangles for RONUSD

long term down The long-term trend has been DOWN since Mar 4th, 2021 at 0.24517052

intermediate term down The intermediate-term trend has been DOWN since Mar 1st, 2021 at 0.24656694

short term down 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).

-100
Smart Scan Analysis for RONUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.24398611 0.24398611 0.24220735 0.24230712 -0.00167900
Prev. Close Volume Bid Ask Time
0.24398611 2021-03-08 19:43:36
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