Forex Trend Analysis Report
Prepared for you on Monday, August 3, 2020.
US Dollar/Romanian Leu (FOREX:USDRON)
Bear Market Rally (-75) - USDRON is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDRON as it may be in the beginning 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.
MarketClub’s Trade Triangles for USDRON
The long-term trend has been DOWN since Jul 15th, 2020 at 4.2338
The intermediate-term trend has been DOWN since May 27th, 2020 at 4.3994
The short-term trend has been UP since Aug 3rd, 2020 at 4.1246
Smart Scan Analysis for USDRON
Based on our trend formula, USDRON is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).