Forex Trend Analysis Report
Prepared for you on Friday, June 9, 2023.
US Dollar/Romanian Leu (FOREX:USDRON)
Weak Downtrend (-65) - USDRON is showing signs of a strengthening downtrend. Monitor USDRON as it may be building momentum to the downside.
Is it time to buy, sell, or avoid USDRON?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDRON.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDRON
The long-term trend has been DOWN since Nov 11th, 2022 at 4.7289
The intermediate-term trend has been UP since May 12th, 2023 at 4.5299
The short-term trend has been DOWN since Jun 7th, 2023 at 4.6222
Smart Scan Analysis for USDRON
Based on our trend formula, USDRON is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).