Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
US Dollar/Romanian Leu (FOREX:USDRON)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for USDRON
The long term trend has been UP since Aug 1st, 2019 at 4.28490
The intermediate term trend has been UP since Jan 20th, 2020 at 4.31180
The short term trend has been UP since Jan 17th, 2020 at 4.30405
Smart Scan Analysis for USDRON
Based on a pre-defined weighted trend formula for chart analysis, USDRON scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).