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Forex Trend Analysis Report

Prepared for you on Monday, May 20, 2024.

US Dollar/Romanian Leu (FOREX:USDRON)

Crossroads (-60) - USDRON 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 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.

FOREX_USDRON
Open High Low USDRON Price Change
4.5622 4.5834 4.5597 4.5820 +0.0198
Entry Signal

MarketClub’s Trade Triangles for USDRON

long term up The long-term trend has been UP since Apr 12th, 2024 at 4.6529

intermediate term down The intermediate-term trend has been DOWN since May 14th, 2024 at 4.6034

short term down The short-term trend has been DOWN since May 13th, 2024 at 4.6102

Smart Scan Analysis for USDRON

Based on our trend formula, USDRON is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for USDRON
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.5622 4.5834 4.5597 4.5820 +0.0198
Prev. Close Volume Bid Ask Time
4.5622 2024-05-20 17:57:40
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