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Forex Trend Analysis Report

Prepared for you on Thursday, January 23, 2020.

Romanian Leu/Swiss Franc (FOREX:RONCHF)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.

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.

FOREX_RONCHF
Open High Low RONCHF Price Change
0.22409200 0.22491750 0.22396950 0.22399984 -0.00009200
Entry Signal

MarketClub’s Trade Triangles for RONCHF

long term down The long term trend has been DOWN since May 29th, 2018 at 0.24590200

intermediate term down The intermediate term trend has been DOWN since Dec 12th, 2019 at 0.22815845

short term up The short term trend has been UP since Jan 22nd, 2020 at 0.22569314

Smart Scan Analysis for RONCHF

Based on a pre-defined weighted trend formula for chart analysis, RONCHF scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for RONCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.22409200 0.22491750 0.22396950 0.22399984 -0.00009200
Prev. Close Volume Bid Ask Time
0.22409200 0.22374061 0.22425907 2020-01-23 09:49:02
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