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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Romanian Leu/British Pound (FOREX:RONGBP)
Weak Downtrend (-65) - RONGBP is showing signs of a strengthening downtrend. Monitor RONGBP as it may be building momentum to the downside.
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 Dec 11th, 2023 at 0.17211972
The intermediate-term trend has been DOWN since Jul 11th, 2024 at 0.16920017
The short-term trend has been UP since Jul 25th, 2024 at 0.16956532
Smart Scan Analysis for RONGBP
Based on our trend formula, RONGBP is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.16986084 | 0.16995303 | 0.16963350 | 0.16977811 | -0.00008300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.16986084 | 2024-07-26 17:00:05 |