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Forex Trend Analysis Report

Prepared for you on Friday, December 6, 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
4.977200 4.977605 4.966535 4.969700 -0.007500
Entry Signal

MarketClub’s Trade Triangles for EURRON

long term up The long-term trend has been UP since Oct 1st, 2024 at 4.98315

intermediate term down The intermediate-term trend has been DOWN since Dec 6th, 2024 at 4.97420

short term up The short-term trend has been UP since Dec 6th, 2024 at 4.97750

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
4.977200 4.977605 4.966535 4.969700 -0.007500
Prev. Close Volume Bid Ask Time
4.977200 2024-12-06 15:20:36
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