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Forex Trend Analysis Report

Prepared for you on Friday, March 31, 2023.

Romanian Leu/British Pound (FOREX:RONGBP)

Weak Downtrend (-65) - RONGBP is showing signs of a strengthening downtrend. Monitor RONGBP as it may be building momentum to the downside.

Is it time to buy, sell, or avoid RONGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for RONGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_RONGBP
Open High Low RONGBP Price Change
0.17814607 0.17824655 0.17734034 0.17751286 -0.00063300
Entry Signal

MarketClub’s Trade Triangles for RONGBP

long term up The long-term trend has been UP since May 5th, 2022 at 0.17200105

intermediate term down The intermediate-term trend has been DOWN since Feb 27th, 2023 at 0.17839500

short term down The short-term trend has been DOWN since Mar 26th, 2023 at 0.17817751

Smart Scan Analysis for RONGBP

Based on our trend formula, RONGBP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for RONGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.17814607 0.17824655 0.17734034 0.17751286 -0.00063300
Prev. Close Volume Bid Ask Time
0.17814607 2023-03-31 11:54:22
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