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.
MarketClub’s Trade Triangles for USDRON
The long-term trend has been DOWN since Jul 15th, 2020 at 4.2338
The intermediate-term trend has been DOWN since Nov 5th, 2020 at 4.1033
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).