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Forex Trend Analysis Report
Prepared for you on Friday, December 6, 2024.
Euro/Romanian Leu (FOREX:EURRON)
Sidelines Mode (+55) - EURRON 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 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.
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MarketClub’s Trade Triangles for EURRON
The long-term trend has been UP since Oct 1st, 2024 at 4.98315
The intermediate-term trend has been DOWN since Dec 6th, 2024 at 4.97420
The short-term trend has been UP since Dec 6th, 2024 at 4.97750
Smart Scan Analysis for EURRON
Based on our trend formula, EURRON is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.977200 | 4.977605 | 4.966535 | 4.969700 | -0.007500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.977200 | 2024-12-06 15:20:36 |