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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
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.
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MarketClub’s Trade Triangles for RONCHF
The long-term trend has been DOWN since Jun 14th, 2024 at 0.19228600
The intermediate-term trend has been DOWN since Jul 24th, 2024 at 0.19326928
The short-term trend has been DOWN since Jul 17th, 2024 at 0.19564556
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.19248980 | 0.19312718 | 0.19241800 | 0.19301180 | +0.00052200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.19248980 | 2024-07-26 17:00:03 |