Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
Romanian Leu/British Pound (FOREX:RONGBP)
Strong Downtrend (-100) - RONGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 Nov 10th, 2020 at 0.18311625
The intermediate-term trend has been DOWN since Dec 31st, 2020 at 0.18378483
The short-term trend has been DOWN since Mar 4th, 2021 at 0.17685109
Smart Scan Analysis for RONGBP
Based on our trend formula, RONGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).