Forex Trend Analysis Report
Prepared for you on Sunday, April 5, 2020.
Euro/Romanian Leu (FOREX:EURRON)
Weak Uptrend (+65) - EURRON is showing signs of weakening momentum to the upside. Monitor 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 Sep 20th, 2019 at 4.7535
The intermediate-term trend has been UP since Feb 18th, 2020 at 4.7823
The short-term trend has been DOWN since Mar 24th, 2020 at 4.8391
Smart Scan Analysis for EURRON
Based on our trend formula, EURRON is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).