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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.
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MarketClub’s Trade Triangles for GBPRON
The long-term trend has been DOWN since May 5th, 2022 at 5.8139193
The intermediate-term trend has been UP since Jan 18th, 2023 at 5.6283506
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).
| 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 |