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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Swiss Franc/United Arab Emirates Dirham (FOREX:CHFAED)
Sidelines Mode (-55) - CHFAED 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 CHFAED?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFAED.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CHFAED
The long-term trend has been DOWN since Mar 1st, 2024 at 4.1416522
The intermediate-term trend has been UP since May 6th, 2024 at 4.0626935
The short-term trend has been DOWN since May 8th, 2024 at 4.0491244
Smart Scan Analysis for CHFAED
Based on our trend formula, CHFAED is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.0402596 | 4.0459352 | 4.0398752 | 4.0459352 | +0.0056760 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.0428839 | 2024-05-08 11:46:57 |