Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
Romanian Leu/British Pound (FOREX:RONGBP)
Bull Market Weakness (+75) - RONGBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on RONGBP as it may be in the beginning stages 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 UP since May 5th, 2022 at 0.17200105
The intermediate-term trend has been DOWN since Jul 7th, 2022 at 0.17232948
The short-term trend has been UP since Aug 4th, 2022 at 0.17046567
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).