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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2019.

Romanian Leu/British Pound (FOREX:RONGBP)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_RONGBP
Open High Low RONGBP Price Change
0.182125 0.182525 0.181450 0.181785 -0.000340
Entry Signal

MarketClub’s Trade Triangles for RONGBP

long term down The long term trend has been DOWN since Jan 22nd, 2019 at 0.185870

intermediate term up The intermediate term trend has been UP since Apr 17th, 2019 at 0.181970

short term up The short term trend has been UP since Apr 24th, 2019 at 0.182505

Smart Scan Analysis for RONGBP

Based on a pre-defined weighted trend formula for chart analysis, RONGBP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for RONGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.182125 0.182525 0.181450 0.181785 -0.000340
Prev. Close Volume Bid Ask Time
0.182125 0.181690 0.181880 2019-04-24 18:41:22
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