Forex Trend Analysis Report
Prepared for you on Tuesday, May 11, 2021.
Romanian Leu/British Pound (FOREX:RONGBP)
Bear Market Rally (-75) - RONGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on RONGBP as it may be in the beginning of a reversal.
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 UP since Apr 16th, 2021 at 0.17684369
The short-term trend has been DOWN since Apr 19th, 2021 at 0.17575879
Smart Scan Analysis for RONGBP
Based on our trend formula, RONGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).