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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Swiss Franc/Romanian Leu (FOREX:CHFRON)

Long-Term Downtrend (-90) - CHFRON is in a strong downtrend that is likely to continue. While CHFRON is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_CHFRON
Open High Low CHFRON Price Change
5.1484145 5.1689693 5.1428911 5.1657530 +0.0173380
Entry Signal

MarketClub’s Trade Triangles for CHFRON

long term down The long-term trend has been DOWN since Mar 1st, 2024 at 5.1799683

intermediate term down The intermediate-term trend has been DOWN since Jan 19th, 2024 at 5.2611635

short term down The short-term trend has been DOWN since Mar 13th, 2024 at 5.1653442

Smart Scan Analysis for CHFRON

Based on our trend formula, CHFRON is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CHFRON
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.1484145 5.1689693 5.1428911 5.1657530 +0.0173380
Prev. Close Volume Bid Ask Time
5.1484145 2024-03-19 05:59:50
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