Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
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, RONCHF continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for RONCHF
The long-term trend has been DOWN since Apr 13th, 2023 at 0.19741650
The intermediate-term trend has been DOWN since Nov 29th, 2023 at 0.19317253
The short-term trend has been DOWN since Nov 22nd, 2023 at 0.19372818
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).