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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

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
5.8036522 5.8249424 5.8036522 5.8248742 +0.0212220
Entry Signal

MarketClub’s Trade Triangles for GBPRON

long term up The long-term trend has been UP since Dec 11th, 2023 at 5.8099112

intermediate term down The intermediate-term trend has been DOWN since Feb 20th, 2024 at 5.8037308

short term down The short-term trend has been DOWN since Mar 21st, 2024 at 5.8065533

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
5.8036522 5.8249424 5.8036522 5.8248742 +0.0212220
Prev. Close Volume Bid Ask Time
5.8232711 2024-03-28 23:30:00
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