Forex Trend Analysis Report
Prepared for you on Thursday, September 28, 2023.
Romanian Leu/Swiss Franc (FOREX:RONCHF)
Sidelines Mode (+55) - RONCHF 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 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 Apr 13th, 2023 at 0.19741650
The intermediate-term trend has been UP since Sep 21st, 2023 at 0.19437400
The short-term trend has been DOWN since Sep 27th, 2023 at 0.19414625
Smart Scan Analysis for RONCHF
Based on our trend formula, RONCHF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).