Forex Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
/Swiss Franc (FOREX:RONCHF)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for RONCHF
The long term trend has been DOWN since May 29th, 2018 at 0.245902
The intermediate term trend has been DOWN since Dec 28th, 2018 at 0.241090
The short term trend has been DOWN since Feb 7th, 2019 at 0.239784
Smart Scan Analysis for RONCHF
Based on a pre-defined weighted trend formula for chart analysis, RONCHF scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).