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.
MarketClub’s Trade Triangles for GBPRON
The long-term trend has been DOWN since Mar 2nd, 2020 at 5.5596729
The intermediate-term trend has been UP since Oct 12th, 2020 at 5.3944236
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).