Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

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.

FOREX_RONGBP
Open High Low RONGBP Price Change
0.16979146 0.16985174 0.16979146 0.16985174 +0.00006000
Entry Signal

MarketClub’s Trade Triangles for RONGBP

long term down The long-term trend has been DOWN since Dec 11th, 2023 at 0.17211972

intermediate term down The intermediate-term trend has been DOWN since May 22nd, 2024 at 0.17148088

short term up The short-term trend has been UP since Jun 17th, 2024 at 0.16993835

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).

-75
Smart Scan Analysis for RONGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.16979146 0.16985174 0.16979146 0.16985174 +0.00006000
Prev. Close Volume Bid Ask Time
0.16979146 2024-06-20 01:38:42
Get a free daily analysis and signals for Romanian Leu/British Pound (RONGBP) - Request Your Free Report.