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Forex Trend Analysis Report

Prepared for you on Monday, September 25, 2023.

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
4.96810 4.96905 4.96370 4.96700 -0.00110
Entry Signal

MarketClub’s Trade Triangles for EURRON

long term up The long-term trend has been UP since Nov 30th, 2022 at 4.9560

intermediate term up The intermediate-term trend has been UP since Sep 5th, 2023 at 4.9514

short term down The short-term trend has been DOWN since Sep 22nd, 2023 at 4.9680

Smart Scan Analysis for EURRON

Based on our trend formula, EURRON is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for EURRON
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.96810 4.96905 4.96370 4.96700 -0.00110
Prev. Close Volume Bid Ask Time
4.96810 2023-09-25 17:29:54
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