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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Romanian Leu/British Pound (FOREX:RONGBP)
Bull Market Weakness (+75) - RONGBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on RONGBP as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid RONGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for RONGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for RONGBP
The long-term trend has been DOWN since Dec 11th, 2023 at 0.17211972
The intermediate-term trend has been UP since Apr 19th, 2024 at 0.17281658
The short-term trend has been UP since May 2nd, 2024 at 0.17203718
Smart Scan Analysis for RONGBP
Based on our trend formula, RONGBP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.17296681 | 0.17319459 | 0.17267730 | 0.17313502 | +0.00016800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.17296681 | 2024-05-09 10:37:52 |