Free Daily Analysis

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.

FOREX_RONGBP
Open High Low RONGBP Price Change
0.17642966 0.17724824 0.17629228 0.17634924 -0.00008000
Entry Signal

MarketClub’s Trade Triangles for RONGBP

long term down The long-term trend has been DOWN since Nov 10th, 2020 at 0.18311625

intermediate term down The intermediate-term trend has been DOWN since Dec 31st, 2020 at 0.18378483

short term down 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).

-100
Smart Scan Analysis for RONGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.17642966 0.17724824 0.17629228 0.17634924 -0.00008000
Prev. Close Volume Bid Ask Time
0.17642966 2021-03-05 17:01:01
Get a free daily analysis and signals for Romanian Leu/British Pound (RONGBP) - Request Your Free Report.