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Forex Trend Analysis Report

Prepared for you on Wednesday, March 3, 2021.

US Dollar/Romanian Leu (FOREX:USDRON)

Bull Market Weakness (+75) - USDRON is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDRON as it may be in the beginning stages of a reversal.

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
4.0333 4.0492 4.0265 4.0462 +0.0129
Entry Signal

MarketClub’s Trade Triangles for USDRON

long term down The long-term trend has been DOWN since Jul 15th, 2020 at 4.2338

intermediate term up The intermediate-term trend has been UP since Mar 1st, 2021 at 4.0557

short term up The short-term trend has been UP since Feb 26th, 2021 at 4.0259

Smart Scan Analysis for USDRON

Based on our trend formula, USDRON is rated as a +70 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
4.0333 4.0492 4.0265 4.0462 +0.0129
Prev. Close Volume Bid Ask Time
4.0333 2021-03-03 10:00:31
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