Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Romanian Leu/British Pound (FOREX:RONGBP)
Countertrend Down (-85) - RONGBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid RONGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for RONGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RONGBP
The long-term trend has been DOWN since Nov 10th, 2020 at 0.18311625
The intermediate-term trend has been DOWN since Oct 7th, 2021 at 0.17179668
The short-term trend has been UP since Oct 22nd, 2021 at 0.17104895
Smart Scan Analysis for RONGBP
Based on our trend formula, RONGBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).