Forex Trend Analysis Report
Prepared for you on Monday, March 30, 2020.
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.
MarketClub’s Trade Triangles for USDRON
The long-term trend has been UP since Mar 18th, 2020 at 4.4503
The intermediate-term trend has been UP since Mar 18th, 2020 at 4.4463
The short-term trend has been DOWN since Mar 24th, 2020 at 4.4726
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).