Forex Trend Analysis Report
Prepared for you on Friday, December 1, 2023.
Romanian Leu/British Pound (FOREX:RONGBP)
Crossroads (-60) - RONGBP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 UP since Oct 31st, 2023 at 0.17612266
The intermediate-term trend has been DOWN since Nov 28th, 2023 at 0.17409826
The short-term trend has been DOWN since Nov 21st, 2023 at 0.17570745
Smart Scan Analysis for RONGBP
Based on our trend formula, RONGBP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).