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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.

FOREX_CHFRON
Open High Low CHFRON Price Change
5.1424352 5.1475445 5.1390481 5.1415784 -0.0008570
Entry Signal

MarketClub’s Trade Triangles for CHFRON

long term up The long-term trend has been UP since May 15th, 2023 at 5.0756610

intermediate term down The intermediate-term trend has been DOWN since Sep 21st, 2023 at 5.1457786

short term up 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).

-55
Smart Scan Analysis for CHFRON
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.1424352 5.1475445 5.1390481 5.1415784 -0.0008570
Prev. Close Volume Bid Ask Time
5.1424352 2023-09-28 04:01:46
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