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InvestingScope

USDRON: Long opportunity on the 1M Channel Up.

Long
U.S. DOLLAR / ROMANIAN LEU (FX_IDC:USDRON)  
InvestingScope  
FX_IDC:USDRON   U.S. DOLLAR / ROMANIAN LEU
Trend Analysis Chart Patterns Technical Indicators USDRON USD RON DJ FXCM Index dollar romanianleu Forex currency Currencies
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trendanalysis chartpattern indicator usdron usd ron usdollar dollar romanianleu forex currency currencies
The pair has started to rebound after last week's Higher Low within the 1M Channel Up (RSI = 61.167, MACD = 0.070, Highs/Lows = 0.0555). The 1D RSI has still room to rise before reaching the 68.35 - 72.00 peak zone. Since every Higher Low within the Channel Up has extended at least a +4.83% we calculate the next Higher High around 4.4500. Our Target Zone is 4.4000 - 4.4500.






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