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Forex Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

US Dollar/Romanian Leu (FOREX:USDRON)

Sidelines Mode (-55) - USDRON is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

Open High Low USDRON Price Change
4.79990 4.81210 4.79210 4.79936 -0.00054
Entry Signal

MarketClub’s Trade Triangles for USDRON

long term up The long-term trend has been UP since Mar 4th, 2021 at 4.078800

intermediate term down The intermediate-term trend has been DOWN since Aug 1st, 2022 at 4.806485

short term up The short-term trend has been UP since Aug 16th, 2022 at 4.776000

Smart Scan Analysis for USDRON

Based on our trend formula, USDRON is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for USDRON
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.79990 4.81210 4.79210 4.79936 -0.00054
Prev. Close Volume Bid Ask Time
4.79990 2022-08-18 07:08:14
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