Forex Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
Euro/Romanian Leu (FOREX:EURRON)
Long-Term Uptrend (+90) - EURRON is in a strong uptrend that is likely to continue. While EURRON is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid EURRON?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURRON.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURRON
The long-term trend has been UP since Feb 12th, 2021 at 4.88115
The intermediate-term trend has been UP since Feb 12th, 2021 at 4.88000
The short-term trend has been UP since Mar 8th, 2021 at 4.88565
Smart Scan Analysis for EURRON
Based on our trend formula, EURRON is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).