Forex Trend Analysis Report
Prepared for you on Tuesday, December 5, 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.
MarketClub’s Trade Triangles for GBPRON
The long-term trend has been DOWN since Oct 31st, 2023 at 5.6778627
The intermediate-term trend has been UP since Nov 28th, 2023 at 5.7438828
The short-term trend has been UP since Nov 21st, 2023 at 5.6912784
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).