Forex Trend Analysis Report
Prepared for you on Thursday, September 28, 2023.
Romanian Leu/Euro (FOREX:RONEUR)
Long-Term Downtrend (-90) - RONEUR is in a strong downtrend that is likely to continue. While RONEUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid RONEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for RONEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RONEUR
The long-term trend has been DOWN since Nov 30th, 2022 at 0.20188163
The intermediate-term trend has been DOWN since Sep 5th, 2023 at 0.20196309
The short-term trend has been DOWN since Sep 26th, 2023 at 0.20113854
Smart Scan Analysis for RONEUR
Based on our trend formula, RONEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).