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Forex Trend Analysis Report

Prepared for you on Saturday, January 28, 2023.

British Pound/Romanian Leu (FOREX:GBPRON)

Bear Market Rally (-75) - GBPRON is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPRON as it may be in the beginning of a reversal.

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
5.561923 5.561923 5.561923 5.561923 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPRON

long term down The long-term trend has been DOWN since May 5th, 2022 at 5.8139193

intermediate term up The intermediate-term trend has been UP since Jan 18th, 2023 at 5.6283506

short term down The short-term trend has been DOWN since Jan 23rd, 2023 at 5.6029075

Smart Scan Analysis for GBPRON

Based on our trend formula, GBPRON is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for GBPRON
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.561923 5.561923 5.561923 5.561923 0.000000
Prev. Close Volume Bid Ask Time
5.561923 2023-01-28 03:03:11
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