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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
New Zealand Dollar/Swiss Franc (FOREX:NZDCHF)
Sidelines Mode (-55) - NZDCHF 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 NZDCHF?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDCHF.
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 NZDCHF
The long-term trend has been DOWN since Feb 4th, 2024 at 0.5247
The intermediate-term trend has been DOWN since Apr 18th, 2024 at 0.5355
The short-term trend has been UP since May 3rd, 2024 at 0.5444
Smart Scan Analysis for NZDCHF
Based on our trend formula, NZDCHF is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.544565 | 0.545800 | 0.543100 | 0.545700 | +0.001135 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.544565 | 2024-05-08 23:31:11 |