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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Swiss Franc/Argentine Peso (FOREX:CHFARS)
Long-Term Uptrend (+90) - CHFARS is in a strong uptrend that is likely to continue. While CHFARS is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid CHFARS?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFARS.
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 CHFARS
The long-term trend has been UP since May 10th, 2021 at 104.22099
The intermediate-term trend has been UP since Apr 18th, 2024 at 959.34010
The short-term trend has been UP since May 2nd, 2024 at 964.03630
Smart Scan Analysis for CHFARS
Based on our trend formula, CHFARS is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 968.6546 | 971.6100 | 968.3157 | 970.6640 | +2.0094 |
| Prev. Close | Volume | Bid | Ask | Time |
| 968.6546 | 2024-05-08 22:45:51 |