Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, May 3, 2024.
Swiss Franc/Romanian Leu (FOREX:CHFRON)
Bull Market Weakness (+75) - CHFRON is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CHFRON as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid CHFRON?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFRON.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for CHFRON
The long-term trend has been DOWN since Mar 1st, 2024 at 5.1799683
The intermediate-term trend has been UP since Apr 15th, 2024 at 5.1376520
The short-term trend has been UP since May 2nd, 2024 at 5.1026738
Smart Scan Analysis for CHFRON
Based on our trend formula, CHFRON is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 5.0968146 | 5.1065828 | 5.0955240 | 5.1037680 | +0.0069530 |
| Prev. Close | Volume | Bid | Ask | Time |
| 5.0968146 | 2024-05-03 03:28:20 |