Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
Romanian Leu/US Dollar (FOREX:RONUSD)
Crossroads (+60) - RONUSD is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for RONUSD
The long-term trend has been DOWN since Sep 14th, 2023 at 0.21467084
The intermediate-term trend has been UP since Oct 23rd, 2023 at 0.21438090
The short-term trend has been UP since Nov 24th, 2023 at 0.22053051
Smart Scan Analysis for RONUSD
Based on our trend formula, RONUSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).