Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2019.
Romanian Leu/British Pound (FOREX:RONGBP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management 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 Jan 22nd, 2019 at 0.185870
The intermediate term trend has been UP since Apr 17th, 2019 at 0.181970
The short term trend has been UP since Apr 24th, 2019 at 0.182505
Smart Scan Analysis for RONGBP
Based on a pre-defined weighted trend formula for chart analysis, RONGBP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).