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Forex Trend Analysis Report
Prepared for you on Monday, May 6, 2024.
Romanian Leu/Swiss Franc (FOREX:RONCHF)
Sidelines Mode (-50) - RONCHF is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until RONCHF can gain momentum.
Is it time to buy, sell, or avoid RONCHF?
MarketClub looks at technical strength and momentum to determine if the timing is right for RONCHF.
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 RONCHF
The long-term trend has been UP since Mar 1st, 2024 at 0.19307343
The intermediate-term trend has been DOWN since Apr 15th, 2024 at 0.19463800
The short-term trend has been DOWN since May 2nd, 2024 at 0.19595547
Smart Scan Analysis for RONCHF
Based on our trend formula, RONCHF is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.19610450 | 0.19656972 | 0.19576536 | 0.19636278 | +0.00025800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.19610450 | 2024-05-06 21:06:51 |