Forex Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
US Dollar/Romanian Leu (FOREX:USDRON)
Long-Term Uptrend (+90) - USDRON is in a strong uptrend that is likely to continue. While USDRON is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.
MarketClub’s Trade Triangles for USDRON
The long-term trend has been UP since Mar 18th, 2020 at 4.4503
The intermediate-term trend has been UP since Mar 18th, 2020 at 4.4463
The short-term trend has been UP since Mar 31st, 2020 at 4.4146
Smart Scan Analysis for USDRON
Based on our trend formula, USDRON is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).