Forex Trend Analysis Report
Prepared for you on Friday, March 31, 2023.
Romanian Leu/British Pound (FOREX:RONGBP)
Weak Downtrend (-65) - RONGBP is showing signs of a strengthening downtrend. Monitor RONGBP as it may be building momentum to the downside.
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 May 5th, 2022 at 0.17200105
The intermediate-term trend has been DOWN since Feb 27th, 2023 at 0.17839500
The short-term trend has been DOWN since Mar 26th, 2023 at 0.17817751
Smart Scan Analysis for RONGBP
Based on our trend formula, RONGBP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).