Forex Trend Analysis Report
Prepared for you on Sunday, May 19, 2019.
Euro/Romanian Leu (FOREX:EURRON)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURRON
The long term trend has been UP since Jan 1st, 2019 at 4.6759
The intermediate term trend has been DOWN since May 6th, 2019 at 4.7499
The short term trend has been UP since May 8th, 2019 at 4.7609
Smart Scan Analysis for EURRON
Based on a pre-defined weighted trend formula for chart analysis, EURRON scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).