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Forex Trend Analysis Report

Prepared for you on Saturday, July 20, 2024.

British Pound/Romanian Leu (FOREX:GBPRON)

Countertrend Up (+85) - GBPRON is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
5.9050290 5.9060143 5.8951020 5.8971606 -0.0078680
Entry Signal

MarketClub’s Trade Triangles for GBPRON

long term up The long-term trend has been UP since Dec 11th, 2023 at 5.8099112

intermediate term up The intermediate-term trend has been UP since Jul 11th, 2024 at 5.9109317

short term down The short-term trend has been DOWN since Jul 18th, 2024 at 5.9066285

Smart Scan Analysis for GBPRON

Based on our trend formula, GBPRON is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for GBPRON
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.9050290 5.9060143 5.8951020 5.8971606 -0.0078680
Prev. Close Volume Bid Ask Time
5.9006469 2024-07-19 16:41:27
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