Forex Trend Analysis Report
Prepared for you on Saturday, July 2, 2022.
Romanian Leu/US Dollar (FOREX:RONUSD)
Long-Term Downtrend (-90) - RONUSD is in a strong downtrend that is likely to continue. While RONUSD is showing intraday strength, it remains in the confines of a bearish trend. 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.
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 Jun 13th, 2022 at 0.21255364
The short-term trend has been DOWN since Jun 28th, 2022 at 0.21251733
Smart Scan Analysis for RONUSD
Based on our trend formula, RONUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).