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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

Romanian Leu/British Pound (FOREX:RONGBP)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.

FOREX_RONGBP
Open High Low RONGBP Price Change
0.17837970 0.17850833 0.17775666 0.17777830 -0.00060100
Entry Signal

MarketClub’s Trade Triangles for RONGBP

long term down The long term trend has been DOWN since Sep 19th, 2019 at 0.18577000

intermediate term up The intermediate term trend has been UP since Dec 24th, 2019 at 0.17950315

short term up The short term trend has been UP since Jan 20th, 2020 at 0.17858815

Smart Scan Analysis for RONGBP

Based on a pre-defined weighted trend formula for chart analysis, RONGBP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for RONGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.17837970 0.17850833 0.17775666 0.17777830 -0.00060100
Prev. Close Volume Bid Ask Time
0.17837970 0.17768528 0.17787131 2020-01-21 17:32:29
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