Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Romanian Leu/British Pound (FOREX:RONGBP)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.
MarketClub’s Trade Triangles for RONGBP
The long term trend has been DOWN since Sep 19th, 2019 at 0.18577000
The intermediate term trend has been UP since Dec 24th, 2019 at 0.17950315
The short term trend has been UP since Jan 20th, 2020 at 0.17858815
Smart Scan Analysis for RONGBP
Based on a pre-defined weighted trend formula for chart analysis, RONGBP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).