Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Romanian Leu/Swiss Franc (FOREX:RONCHF)
Strong Downtrend (-100) - RONCHF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid
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.
MarketClub’s Trade Triangles for RONCHF
The long-term trend has been DOWN since May 29th, 2018 at 0.24590200
The intermediate-term trend has been DOWN since Dec 12th, 2019 at 0.22815845
The short-term trend has been DOWN since Feb 10th, 2020 at 0.22373150
Smart Scan Analysis for RONCHF
Based on our trend formula, RONCHF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).