Forex Trend Analysis Report
Prepared for you on Friday, November 27, 2020.
British Pound/Romanian Leu (FOREX:GBPRON)
Weak Uptrend (+65) - GBPRON is showing signs of weakening momentum to the upside. Monitor 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 UP since Nov 10th, 2020 at 5.4610133
The intermediate-term trend has been UP since Oct 12th, 2020 at 5.3944236
The short-term trend has been DOWN since Nov 27th, 2020 at 5.4530299
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).