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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 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.

FOREX_USDRON
Open High Low USDRON Price Change
4.573900 4.590400 4.571600 4.585665 +0.011765
Entry Signal

MarketClub’s Trade Triangles for USDRON

long term down The long-term trend has been DOWN since Dec 22nd, 2023 at 4.5125

intermediate term down The intermediate-term trend has been DOWN since Mar 6th, 2024 at 4.5686

short term up The short-term trend has been UP since Mar 12th, 2024 at 4.5507

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).

-55
Smart Scan Analysis for USDRON
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.573900 4.590400 4.571600 4.585665 +0.011765
Prev. Close Volume Bid Ask Time
4.573900 2024-03-19 07:46:26
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