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Forex Trend Analysis Report

Prepared for you on Thursday, October 21, 2021.

Euro/Romanian Leu (FOREX:EURRON)

Weak Downtrend (-65) - EURRON is showing signs of a strengthening downtrend. Monitor EURRON as it may be building momentum to the downside.

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
4.94840 4.94930 4.94490 4.94655 -0.00185
Entry Signal

MarketClub’s Trade Triangles for EURRON

long term up The long-term trend has been UP since Sep 2nd, 2021 at 4.9377

intermediate term down The intermediate-term trend has been DOWN since Oct 15th, 2021 at 4.9435

short term down The short-term trend has been DOWN since Oct 20th, 2021 at 4.9450

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).

-70
Smart Scan Analysis for EURRON
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.94840 4.94930 4.94490 4.94655 -0.00185
Prev. Close Volume Bid Ask Time
4.94840 2021-10-21 10:41:07
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