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Forex Trend Analysis Report
Prepared for you on Monday, March 20, 2023.
British Pound/Romanian Leu (FOREX:GBPRON)
Bull Market Weakness (+75) - GBPRON is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPRON as it may be in the beginning stages of a reversal.
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 DOWN since May 5th, 2022 at 5.8139193
The intermediate-term trend has been UP since Feb 27th, 2023 at 5.6055389
The short-term trend has been UP since Mar 10th, 2023 at 5.5582872
Smart Scan Analysis for GBPRON
Based on our trend formula, GBPRON is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.6206196 | 5.6412987 | 5.6135058 | 5.6366936 | +0.0160740 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.6206196 | 2023-03-20 15:21:43 |