Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
Romanian Leu/Euro (FOREX:RONEUR)
Bear Market Rally (-75) - RONEUR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on RONEUR as it may be in the beginning of a reversal.
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 Feb 12th, 2021 at 0.20486981
The intermediate-term trend has been DOWN since Feb 12th, 2021 at 0.20491809
The short-term trend has been UP since Feb 23rd, 2021 at 0.20519561
Smart Scan Analysis for RONEUR
Based on our trend formula, RONEUR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).