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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.

FOREX_RONGBP
Open High Low RONGBP Price Change
0.17363446 0.17363446 0.17235503 0.17249612 -0.00113800
Entry Signal

MarketClub’s Trade Triangles for RONGBP

long term up The long-term trend has been UP since Oct 31st, 2023 at 0.17612266

intermediate term down The intermediate-term trend has been DOWN since Nov 28th, 2023 at 0.17409826

short term down 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).

-60
Smart Scan Analysis for RONGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.17363446 0.17363446 0.17235503 0.17249612 -0.00113800
Prev. Close Volume Bid Ask Time
0.17363446 2023-12-01 17:11:19
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