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Forex Trend Analysis Report

Prepared for you on Friday, October 15, 2021.

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
0.21649418 0.21721134 0.21628800 0.21629293 -0.00020100
Entry Signal

MarketClub’s Trade Triangles for RONCHF

long term down The long-term trend has been DOWN since Jun 8th, 2021 at 0.22176569

intermediate term down The intermediate-term trend has been DOWN since Sep 30th, 2021 at 0.21839464

short term up The short-term trend has been UP since Oct 15th, 2021 at 0.21702300

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
0.21649418 0.21721134 0.21628800 0.21629293 -0.00020100
Prev. Close Volume Bid Ask Time
0.21649418 2021-10-15 17:19:11
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