Forex Trend Analysis Report
Prepared for you on Wednesday, May 27, 2020.
Romanian Leu/British Pound (FOREX:RONGBP)
Countertrend Up (+85) - RONGBP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Mar 2nd, 2020 at 0.17986675
The intermediate-term trend has been UP since May 12th, 2020 at 0.18293759
The short-term trend has been DOWN since May 25th, 2020 at 0.18444374
Smart Scan Analysis for RONGBP
Based on our trend formula, RONGBP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).