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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Swiss Franc/Russian Ruble (FOREX:CHFRUB)
Strong Downtrend (-100) - CHFRUB is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CHFRUB continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CHFRUB?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFRUB.
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 CHFRUB
The long-term trend has been DOWN since May 6th, 2024 at 100.84144
The intermediate-term trend has been DOWN since Apr 25th, 2024 at 101.26512
The short-term trend has been DOWN since May 3rd, 2024 at 101.29012
Smart Scan Analysis for CHFRUB
Based on our trend formula, CHFRUB is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 100.41358 | 100.97084 | 100.35177 | 100.87743 | +0.46385 |
| Prev. Close | Volume | Bid | Ask | Time |
| 100.41358 | 2024-05-08 23:55:22 |