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Forex Trend Analysis Report
Prepared for you on Thursday, October 28, 2021.
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.
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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 Oct 7th, 2021 at 0.17179668
The short-term trend has been UP since Oct 28th, 2021 at 0.17114296
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.17062531 | 0.17122365 | 0.17022502 | 0.17117398 | +0.00054900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.17062531 | 2021-10-28 16:43:45 |