Forex Trend Analysis Report
Prepared for you on Monday, May 17, 2021.
British Pound/Romanian Leu (FOREX:GBPRON)
Countertrend Up (+85) - GBPRON is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Nov 10th, 2020 at 5.4610133
The intermediate-term trend has been UP since May 10th, 2021 at 5.7277907
The short-term trend has been DOWN since May 14th, 2021 at 5.7194426
Smart Scan Analysis for GBPRON
Based on our trend formula, GBPRON is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).