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Forex Trend Analysis Report

Prepared for you on Sunday, July 21, 2024.

Romanian Leu/US Dollar (FOREX:RONUSD)

Long-Term Uptrend (+90) - RONUSD is in a strong uptrend that is likely to continue. While RONUSD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
0.21933699 0.21934661 0.21913032 0.21913512 -0.00020200
Entry Signal

MarketClub’s Trade Triangles for RONUSD

long term up The long-term trend has been UP since Jul 12th, 2024 at 0.21943325

intermediate term up The intermediate-term trend has been UP since Jul 5th, 2024 at 0.21803619

short term up The short-term trend has been UP since Jun 30th, 2024 at 0.21563367

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).

+90
Smart Scan Analysis for RONUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.21933699 0.21934661 0.21913032 0.21913512 -0.00020200
Prev. Close Volume Bid Ask Time
0.21933699 2024-07-21 21:06:22
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