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Forex Trend Analysis Report

Prepared for you on Thursday, April 9, 2020.

Romanian Leu/US Dollar (FOREX:RONUSD)

Sidelines Mode (-55) - RONUSD 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 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
0.22492641 0.22555063 0.22432115 0.22526610 +0.00034000
Entry Signal

MarketClub’s Trade Triangles for RONUSD

long term down The long-term trend has been DOWN since Mar 18th, 2020 at 0.22470402

intermediate term down The intermediate-term trend has been DOWN since Mar 18th, 2020 at 0.22490639

short term up The short-term trend has been UP since Apr 7th, 2020 at 0.22451736

Smart Scan Analysis for RONUSD

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

-55
Smart Scan Analysis for RONUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.22492641 0.22555063 0.22432115 0.22526610 +0.00034000
Prev. Close Volume Bid Ask Time
0.22492641 0.22501238 0.22551982 2020-04-09 06:42:37
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