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Forex Trend Analysis Report
Prepared for you on Thursday, April 18, 2024.
British Pound/Romanian Leu (FOREX:GBPRON)
Long-Term Uptrend (+90) - GBPRON is in a strong uptrend that is likely to continue. While GBPRON is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
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MarketClub’s Trade Triangles for GBPRON
The long-term trend has been UP since Dec 11th, 2023 at 5.8099112
The intermediate-term trend has been UP since Apr 15th, 2024 at 5.8288729
The short-term trend has been UP since Apr 9th, 2024 at 5.7951391
Smart Scan Analysis for GBPRON
Based on our trend formula, GBPRON is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.8082745 | 5.8169236 | 5.8048388 | 5.8140921 | +0.0058180 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.8082745 | 2024-04-18 19:52:21 |