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Forex Trend Analysis Report

Prepared for you on Saturday, October 24, 2020.

British Pound/Romanian Leu (FOREX:GBPRON)

Crossroads (-60) - GBPRON 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 GBPRON?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPRON.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPRON
Open High Low GBPRON Price Change
5.3965547 5.3997652 5.3522225 5.3530446 -0.0435100
Entry Signal

MarketClub’s Trade Triangles for GBPRON

long term down The long-term trend has been DOWN since Mar 2nd, 2020 at 5.5596729

intermediate term up The intermediate-term trend has been UP since Oct 12th, 2020 at 5.3944236

short term up The short-term trend has been UP since Oct 21st, 2020 at 5.4044847

Smart Scan Analysis for GBPRON

Based on our trend formula, GBPRON is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for GBPRON
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.3965547 5.3997652 5.3522225 5.3530446 -0.0435100
Prev. Close Volume Bid Ask Time
5.3965547 2020-10-23 17:13:08
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