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Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
Canadian Dollar/Romanian Leu (FOREX:CADRON)
Sidelines Mode (+55) - CADRON is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for CADRON
The long-term trend has been UP since Sep 30th, 2021 at 3.3718818
The intermediate-term trend has been DOWN since Aug 10th, 2022 at 3.7167569
The short-term trend has been UP since Aug 17th, 2022 at 3.7390802
Smart Scan Analysis for CADRON
Based on our trend formula, CADRON is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.7128719 | 3.7378345 | 3.7116499 | 3.7354458 | +0.0225740 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.7128719 | 2022-08-18 22:10:40 |