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Forex Trend Analysis Report
Prepared for you on Tuesday, May 14, 2024.
Romanian Leu/US Dollar (FOREX:RONUSD)
Sidelines Mode (-55) - RONUSD 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 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.
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MarketClub’s Trade Triangles for RONUSD
The long-term trend has been DOWN since Apr 12th, 2024 at 0.21491998
The intermediate-term trend has been DOWN since Mar 27th, 2024 at 0.21784620
The short-term trend has been UP since May 13th, 2024 at 0.21691058
Smart Scan Analysis for RONUSD
Based on our trend formula, RONUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.21678832 | 0.21685107 | 0.21669437 | 0.21679772 | +0.00000900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.21678832 | 2024-05-14 03:21:21 |