Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Saturday, June 22, 2024.

Romanian Leu/Swiss Franc (FOREX:RONCHF)

Countertrend Down (-85) - RONCHF is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.

FOREX_RONCHF
Open High Low RONCHF Price Change
0.19188650 0.19234323 0.19103300 0.19217988 +0.00029300
Entry Signal

MarketClub’s Trade Triangles for RONCHF

long term down The long-term trend has been DOWN since Jun 14th, 2024 at 0.19228600

intermediate term down The intermediate-term trend has been DOWN since Jun 3rd, 2024 at 0.19600995

short term up The short-term trend has been UP since Jun 20th, 2024 at 0.19228059

Smart Scan Analysis for RONCHF

Based on our trend formula, RONCHF is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for RONCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.19188650 0.19234323 0.19103300 0.19217988 +0.00029300
Prev. Close Volume Bid Ask Time
0.19188650 2024-06-21 17:22:21
Get a free daily analysis and signals for Romanian Leu/Swiss Franc (RONCHF) - Request Your Free Report.