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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 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.
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MarketClub’s Trade Triangles for GBPRON
The long-term trend has been UP since Aug 30th, 2024 at 5.9284683
The intermediate-term trend has been UP since Aug 26th, 2024 at 5.8803582
The short-term trend has been DOWN since Oct 24th, 2024 at 5.9589716
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.9588504 | 5.9690913 | 5.9568657 | 5.9635629 | +0.0047130 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.9588504 | 2024-10-25 10:06:43 |