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Forex Trend Analysis Report

Prepared for you on Tuesday, May 28, 2024.

Swiss Franc/Romanian Leu (FOREX:CHFRON)

Bear Market Rally (-75) - CHFRON is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CHFRON as it may be in the beginning of a reversal.

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
5.0146891 5.0344201 5.0127159 5.0277998 +0.0131110
Entry Signal

MarketClub’s Trade Triangles for CHFRON

long term down The long-term trend has been DOWN since Mar 1st, 2024 at 5.1799683

intermediate term down The intermediate-term trend has been DOWN since May 15th, 2024 at 5.0604258

short term up The short-term trend has been UP since May 28th, 2024 at 5.0300448

Smart Scan Analysis for CHFRON

Based on our trend formula, CHFRON is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for CHFRON
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.0146891 5.0344201 5.0127159 5.0277998 +0.0131110
Prev. Close Volume Bid Ask Time
5.0146891 2024-05-28 09:41:28
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