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Forex Trend Analysis Report
Prepared for you on Tuesday, March 9, 2021.
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.
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MarketClub’s Trade Triangles for CHFRON
The long-term trend has been DOWN since Dec 31st, 2020 at 4.4486588
The intermediate-term trend has been DOWN since Feb 19th, 2021 at 4.4926652
The short-term trend has been DOWN since Feb 15th, 2021 at 4.5075584
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.4035688 | 4.4084609 | 4.3934698 | 4.4069844 | +0.0034160 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.4035688 | 2021-03-09 06:21:54 |