Forex Trend Analysis Report
Prepared for you on Sunday, February 23, 2020.
Romanian Leu/British Pound (FOREX:RONGBP)
Bear Market Rally (-75) - RONGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on RONGBP as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for RONGBP
The long-term trend has been DOWN since Sep 19th, 2019 at 0.1857700
The intermediate-term trend has been DOWN since Jan 22nd, 2020 at 0.1766546
The short-term trend has been UP since Feb 19th, 2020 at 0.1746571
Smart Scan Analysis for RONGBP
Based on our trend formula, RONGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).