Forex Trend Analysis Report
Prepared for you on Friday, April 3, 2020.
Romanian Leu/Swiss Franc (FOREX:RONCHF)
Long-Term Downtrend (-90) - RONCHF is in a strong downtrend that is likely to continue. While RONCHF is showing intraday strength, it remains in the confines of a bearish trend. 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 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 Apr 2nd, 2020 at 0.21821650
Smart Scan Analysis for RONCHF
Based on our trend formula, RONCHF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).