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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.

FOREX_CADRON
Open High Low CADRON Price Change
3.7128719 3.7378345 3.7116499 3.7354458 +0.0225740
Entry Signal

MarketClub’s Trade Triangles for CADRON

long term up The long-term trend has been UP since Sep 30th, 2021 at 3.3718818

intermediate term down The intermediate-term trend has been DOWN since Aug 10th, 2022 at 3.7167569

short term up 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).

+55
Smart Scan Analysis for CADRON
Strong Downtrend Sideways 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
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