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Forex Trend Analysis Report

Prepared for you on Wednesday, March 3, 2021.

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.

FOREX_GBPRON
Open High Low GBPRON Price Change
5.6273119 5.6489031 5.6273119 5.6396855 +0.0123740
Entry Signal

MarketClub’s Trade Triangles for GBPRON

long term up The long-term trend has been UP since Nov 10th, 2020 at 5.4610133

intermediate term up The intermediate-term trend has been UP since Dec 31st, 2020 at 5.4411469

short term down The short-term trend has been DOWN since Feb 25th, 2021 at 5.6311218

Smart Scan Analysis for GBPRON

Based on our trend formula, GBPRON is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for GBPRON
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.6273119 5.6489031 5.6273119 5.6396855 +0.0123740
Prev. Close Volume Bid Ask Time
5.6273119 2021-03-03 16:39:16
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