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.
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 UP since Mar 1st, 2021 at 4.0557
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).