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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
US Dollar/Romanian Leu (FOREX:USDRON)
Sidelines Mode (-55) - USDRON 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 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.
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MarketClub’s Trade Triangles for USDRON
The long-term trend has been DOWN since Jul 12th, 2024 at 4.5561
The intermediate-term trend has been DOWN since Jul 5th, 2024 at 4.5864
The short-term trend has been UP since Jul 22nd, 2024 at 4.5705
Smart Scan Analysis for USDRON
Based on our trend formula, USDRON is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.5763 | 4.5830 | 4.5731 | 4.5790 | +0.0027 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.5763 | 2024-07-26 17:00:03 |