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Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

Canadian Dollar/Romanian Leu (FOREX:CADRON)

Long-Term Downtrend (-90) - CADRON is in a strong downtrend that is likely to continue. While CADRON is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid CADRON?

MarketClub looks at technical strength and momentum to determine if the timing is right for CADRON.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CADRON
Open High Low CADRON Price Change
3.3592209 3.3618831 3.3541717 3.3617696 +0.0025490
Entry Signal

MarketClub’s Trade Triangles for CADRON

long term down The long-term trend has been DOWN since Mar 11th, 2024 at 3.3629354

intermediate term down The intermediate-term trend has been DOWN since Apr 9th, 2024 at 3.3657464

short term down The short-term trend has been DOWN since May 20th, 2024 at 3.3570718

Smart Scan Analysis for CADRON

Based on our trend formula, CADRON is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CADRON
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.3592209 3.3618831 3.3541717 3.3617696 +0.0025490
Prev. Close Volume Bid Ask Time
3.3592209 2024-05-22 07:01:57
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