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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 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.

FOREX_EURRON
Open High Low EURRON Price Change
4.97150 4.97320 4.97125 4.97220 +0.00070
Entry Signal

MarketClub’s Trade Triangles for EURRON

long term down The long-term trend has been DOWN since Feb 29th, 2024 at 4.96300

intermediate term down The intermediate-term trend has been DOWN since Feb 26th, 2024 at 4.97225

short term up The short-term trend has been UP since Mar 13th, 2024 at 4.96875

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).

-55
Smart Scan Analysis for EURRON
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.97150 4.97320 4.97125 4.97220 +0.00070
Prev. Close Volume Bid Ask Time
4.97220 2024-03-18 22:07:47
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