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Forex Trend Analysis Report
Prepared for you on Sunday, December 8, 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.
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MarketClub’s Trade Triangles for RONGBP
The long-term trend has been DOWN since Aug 30th, 2024 at 0.16867764
The intermediate-term trend has been DOWN since Nov 8th, 2024 at 0.16685866
The short-term trend has been DOWN since Nov 29th, 2024 at 0.16710852
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.16687461 | 0.16687461 | 0.16665290 | 0.16665290 | -0.00022200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.16687461 | 2024-12-07 20:17:26 |