Forex Trend Analysis Report
Prepared for you on Wednesday, August 12, 2020.
Romanian Leu/Euro (FOREX:RONEUR)
Sidelines Mode (+55) - RONEUR 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 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 UP since Jul 2nd, 2020 at 0.20691302
The intermediate-term trend has been UP since Jul 2nd, 2020 at 0.20691302
The short-term trend has been DOWN since Aug 10th, 2020 at 0.20665005
Smart Scan Analysis for RONEUR
Based on our trend formula, RONEUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).