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Forex Trend Analysis Report
Prepared for you on Saturday, November 27, 2021.
British Pound/Romanian Leu (FOREX:GBPRON)
Sidelines Mode (+55) - GBPRON is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Nov 10th, 2020 at 5.4610133
The intermediate-term trend has been UP since Nov 17th, 2021 at 5.8874134
The short-term trend has been DOWN since Nov 23rd, 2021 at 5.8777253
Smart Scan Analysis for GBPRON
Based on our trend formula, GBPRON is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.8665861 | 5.8666967 | 5.8318755 | 5.8380099 | -0.0285760 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.8665861 | 2021-11-26 16:56:44 |