Forex Trend Analysis Report
Prepared for you on Thursday, September 28, 2023.
Swiss Franc/Romanian Leu (FOREX:CHFRON)
Sidelines Mode (-55) - CHFRON 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 CHFRON?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFRON.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CHFRON
The long-term trend has been UP since May 15th, 2023 at 5.0756610
The intermediate-term trend has been DOWN since Sep 21st, 2023 at 5.1457786
The short-term trend has been UP since Sep 27th, 2023 at 5.1476091
Smart Scan Analysis for CHFRON
Based on our trend formula, CHFRON is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).