Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, May 23, 2024.

Euro/Romanian Leu (FOREX:EURRON)

Bull Market Weakness (+75) - EURRON is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURRON as it may be in the beginning stages of a reversal.

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.

FOREX_EURRON
Open High Low EURRON Price Change
4.97530 4.97575 4.97490 4.97490 -0.00040
Entry Signal

MarketClub’s Trade Triangles for EURRON

long term up The long-term trend has been UP since May 22nd, 2024 at 4.97875

intermediate term up The intermediate-term trend has been UP since Apr 16th, 2024 at 4.97590

short term up The short-term trend has been UP since May 22nd, 2024 at 4.97575

Smart Scan Analysis for EURRON

Based on our trend formula, EURRON is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for EURRON
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.97530 4.97575 4.97490 4.97490 -0.00040
Prev. Close Volume Bid Ask Time
4.97530 2024-05-23 11:52:38
Get a free daily analysis and signals for Euro/Romanian Leu (EURRON) - Request Your Free Report.