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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.

FOREX_USDRON
Open High Low USDRON Price Change
4.1055 4.1337 4.0991 4.1096 +0.0041
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 down The intermediate-term trend has been DOWN since May 27th, 2020 at 4.3994

short term up 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).

-75
Smart Scan Analysis for USDRON
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.1055 4.1337 4.0991 4.1096 +0.0041
Prev. Close Volume Bid Ask Time
4.1055 4.1046 4.1146 2020-08-03 19:46:19
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