Forex Trend Analysis Report
Prepared for you on Monday, May 23, 2022.
Romanian Leu/Swiss Franc (FOREX:RONCHF)
Weak Downtrend (-65) - RONCHF is showing signs of a strengthening downtrend. Monitor RONCHF as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for RONCHF
The long-term trend has been DOWN since Feb 23rd, 2022 at 0.20825050
The intermediate-term trend has been UP since Apr 24th, 2022 at 0.20980929
The short-term trend has been DOWN since May 18th, 2022 at 0.21055511
Smart Scan Analysis for RONCHF
Based on our trend formula, RONCHF is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).