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Forex Trend Analysis Report

Prepared for you on Friday, May 24, 2024.

Romanian Leu/British Pound (FOREX:RONGBP)

Long-Term Downtrend (-90) - RONGBP is in a strong downtrend that is likely to continue. While RONGBP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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.

FOREX_RONGBP
Open High Low RONGBP Price Change
0.17118941 0.17145801 0.17118941 0.17142341 +0.00023400
Entry Signal

MarketClub’s Trade Triangles for RONGBP

long term down The long-term trend has been DOWN since Dec 11th, 2023 at 0.17211972

intermediate term down The intermediate-term trend has been DOWN since May 22nd, 2024 at 0.17148088

short term down The short-term trend has been DOWN since May 14th, 2024 at 0.17262464

Smart Scan Analysis for RONGBP

Based on our trend formula, RONGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for RONGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.17118941 0.17145801 0.17118941 0.17142341 +0.00023400
Prev. Close Volume Bid Ask Time
0.17118941 2024-05-24 08:46:36
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