Forex Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
British Pound/Romanian Leu (FOREX:GBPRON)
Weak Downtrend (-65) - GBPRON is showing signs of a strengthening downtrend. Monitor GBPRON as it may be building momentum to the downside.
Is it time to buy, sell, or avoid GBPRON?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPRON.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPRON
The long-term trend has been DOWN since Mar 2nd, 2020 at 5.5596729
The intermediate-term trend has been DOWN since Feb 28th, 2020 at 5.5972327
The short-term trend has been UP since Mar 20th, 2020 at 5.3418954
Smart Scan Analysis for GBPRON
Based on our trend formula, GBPRON is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).