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Forex Trend Analysis Report

Prepared for you on Saturday, December 7, 2019.

US Dollar/Romanian Leu (FOREX:USDRON)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

Open High Low USDRON Price Change
4.30320 4.32775 4.30156 4.32110 +0.01790
Entry Signal

MarketClub’s Trade Triangles for USDRON

long term up The long term trend has been UP since Aug 1st, 2019 at 4.2849

intermediate term down The intermediate term trend has been DOWN since Dec 3rd, 2019 at 4.3074

short term up The short term trend has been UP since Dec 6th, 2019 at 4.3167

Smart Scan Analysis for USDRON

Based on a pre-defined weighted trend formula for chart analysis, USDRON scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for USDRON
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.30320 4.32775 4.30156 4.32110 +0.01790
Prev. Close Volume Bid Ask Time
4.30320 4.31610 4.32610 2019-12-06 16:51:05
Want to analyze US Dollar/Romanian Leu USDRON or another symbol? Try our Free Forex Trend Analysis Report.