Forex Trend Analysis Report
Prepared for you on Sunday, January 16, 2022.
Romanian Leu/Swiss Franc (FOREX:RONCHF)
Sidelines Mode (+55) - RONCHF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Jun 8th, 2021 at 0.22176569
The intermediate-term trend has been UP since Jan 10th, 2022 at 0.21139050
The short-term trend has been DOWN since Jan 13th, 2022 at 0.21088214
Smart Scan Analysis for RONCHF
Based on our trend formula, RONCHF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).