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Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

British Pound/Romanian Leu (FOREX:GBPRON)

Weak Uptrend (+65) - GBPRON is showing signs of weakening momentum to the upside. Monitor GBPRON as it may be in the beginning stages 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
5.8871727 5.8950626 5.8839787 5.8900409 +0.0028680
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 up The intermediate-term trend has been UP since Jul 11th, 2024 at 5.9109317

short term down The short-term trend has been DOWN since Jul 25th, 2024 at 5.8961979

Smart Scan Analysis for GBPRON

Based on our trend formula, GBPRON is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for GBPRON
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.8871727 5.8950626 5.8839787 5.8900409 +0.0028680
Prev. Close Volume Bid Ask Time
5.8871727 2024-07-26 17:00:05
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