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Forex Trend Analysis Report

Prepared for you on Thursday, December 3, 2020.

US Dollar/Romanian Leu (FOREX:USDRON)

Long-Term Downtrend (-90) - USDRON is in a strong downtrend that is likely to continue. While USDRON is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_USDRON
Open High Low USDRON Price Change
4.0192 4.0273 4.0025 4.0122 -0.0070
Entry Signal

MarketClub’s Trade Triangles for USDRON

long term down The long-term trend has been DOWN since Jul 15th, 2020 at 4.2338

intermediate term down The intermediate-term trend has been DOWN since Nov 5th, 2020 at 4.1033

short term down The short-term trend has been DOWN since Nov 23rd, 2020 at 4.0976

Smart Scan Analysis for USDRON

Based on our trend formula, USDRON is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for USDRON
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.0192 4.0273 4.0025 4.0122 -0.0070
Prev. Close Volume Bid Ask Time
4.0192 2020-12-03 23:37:13
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