Forex Trend Analysis Report
Prepared for you on Sunday, September 24, 2023.
US Dollar/Romanian Leu (FOREX:USDRON)
Long-Term Uptrend (+90) - USDRON is in a strong uptrend that is likely to continue. While USDRON 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 USDRON?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDRON.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDRON
The long-term trend has been UP since Sep 14th, 2023 at 4.6583
The intermediate-term trend has been UP since Aug 2nd, 2023 at 4.5043
The short-term trend has been UP since Sep 22nd, 2023 at 4.6800
Smart Scan Analysis for USDRON
Based on our trend formula, USDRON is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).