Forex Trend Analysis Report
Prepared for you on Sunday, December 5, 2021.
Romanian Leu/US Dollar (FOREX:RONUSD)
Countertrend Down (-85) - RONUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid RONUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for RONUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RONUSD
The long-term trend has been DOWN since Mar 4th, 2021 at 0.24517052
The intermediate-term trend has been DOWN since Nov 5th, 2021 at 0.23280750
The short-term trend has been UP since Nov 26th, 2021 at 0.22779073
Smart Scan Analysis for RONUSD
Based on our trend formula, RONUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).