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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Canadian Dollar/Romanian Leu (FOREX:CADRON)

Countertrend Down (-85) - CADRON is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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
3.3758236 3.3805731 3.3669435 3.3675794 -0.0082440
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 Feb 20th, 2024 at 3.4073947

short term up The short-term trend has been UP since Mar 13th, 2024 at 3.3739118

Smart Scan Analysis for CADRON

Based on our trend formula, CADRON is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for CADRON
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.3758236 3.3805731 3.3669435 3.3675794 -0.0082440
Prev. Close Volume Bid Ask Time
3.3758236 2024-03-19 10:04:20
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