Forex Trend Analysis Report
Prepared for you on Wednesday, July 6, 2022.
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.
MarketClub’s Trade Triangles for EURRON
The long-term trend has been UP since Apr 25th, 2022 at 4.9535
The intermediate-term trend has been UP since Jun 15th, 2022 at 4.9538
The short-term trend has been UP since Jul 6th, 2022 at 4.9479
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).