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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
US Dollar/Romanian Leu (FOREX:USDRON)
Countertrend Up (+85) - USDRON is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for USDRON
The long-term trend has been UP since Nov 5th, 2024 at 4.6217
The intermediate-term trend has been UP since Oct 4th, 2024 at 4.5209
The short-term trend has been DOWN since Nov 18th, 2024 at 4.6991
Smart Scan Analysis for USDRON
Based on our trend formula, USDRON is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.6984 | 4.7099 | 4.6971 | 4.7065 | +0.0081 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.6984 | 2024-11-20 03:32:03 |