Forex Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
Romanian Leu/Swiss Franc (FOREX:RONCHF)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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.
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 Jul 12th, 2019 at 0.234136
The short term trend has been UP since Aug 14th, 2019 at 0.231187
Smart Scan Analysis for RONCHF
Based on a pre-defined weighted trend formula for chart analysis, RONCHF scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).