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Forex Trend Analysis Report

Prepared for you on Friday, June 9, 2023.

US Dollar/Romanian Leu (FOREX:USDRON)

Weak Downtrend (-65) - USDRON is showing signs of a strengthening downtrend. Monitor USDRON as it may be building momentum to the downside.

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
4.59630 4.60830 4.59420 4.60542 +0.00912
Entry Signal

MarketClub’s Trade Triangles for USDRON

long term down The long-term trend has been DOWN since Nov 11th, 2022 at 4.7289

intermediate term up The intermediate-term trend has been UP since May 12th, 2023 at 4.5299

short term down The short-term trend has been DOWN since Jun 7th, 2023 at 4.6222

Smart Scan Analysis for USDRON

Based on our trend formula, USDRON is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for USDRON
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.59630 4.60830 4.59420 4.60542 +0.00912
Prev. Close Volume Bid Ask Time
4.59630 2023-06-09 07:17:09
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