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Forex Trend Analysis Report

Prepared for you on Tuesday, May 11, 2021.

Romanian Leu/British Pound (FOREX:RONGBP)

Bear Market Rally (-75) - RONGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on RONGBP as it may be in the beginning 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.

FOREX_RONGBP
Open High Low RONGBP Price Change
0.17446776 0.17479861 0.17431328 0.17455294 +0.00008500
Entry Signal

MarketClub’s Trade Triangles for RONGBP

long term down The long-term trend has been DOWN since Nov 10th, 2020 at 0.18311625

intermediate term up The intermediate-term trend has been UP since Apr 16th, 2021 at 0.17684369

short term down The short-term trend has been DOWN since Apr 19th, 2021 at 0.17575879

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).

-75
Smart Scan Analysis for RONGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.17446776 0.17479861 0.17431328 0.17455294 +0.00008500
Prev. Close Volume Bid Ask Time
0.17446776 2021-05-11 11:42:31
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