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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.

FOREX_RONUSD
Open High Low RONUSD Price Change
0.22132735 0.22138125 0.22089223 0.22093955 -0.00038800
Entry Signal

MarketClub’s Trade Triangles for RONUSD

long term down The long-term trend has been DOWN since Sep 14th, 2023 at 0.21467084

intermediate term up The intermediate-term trend has been UP since Oct 23rd, 2023 at 0.21438090

short term up 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).

+60
Smart Scan Analysis for RONUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.22132735 0.22138125 0.22089223 0.22093955 -0.00038800
Prev. Close Volume Bid Ask Time
0.22132735 2023-11-29 03:06:28
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