Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Romanian Leu/US Dollar (FOREX:RONUSD)
Weak Downtrend (-65) - RONUSD is showing signs of a strengthening downtrend. Monitor RONUSD as it may be building momentum to the downside.
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 Sep 17th, 2021 at 0.23727077
The short-term trend has been UP since Oct 19th, 2021 at 0.23538306
Smart Scan Analysis for RONUSD
Based on our trend formula, RONUSD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).