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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
Swiss Franc/British Pound (FOREX:CHFGBP)
Crossroads (+60) - CHFGBP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CHFGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFGBP.
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 CHFGBP
The long-term trend has been DOWN since Feb 13th, 2024 at 0.896305
The intermediate-term trend has been UP since Apr 17th, 2024 at 0.883220
The short-term trend has been UP since Apr 12th, 2024 at 0.877070
Smart Scan Analysis for CHFGBP
Based on our trend formula, CHFGBP is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.888235 | 0.888550 | 0.882870 | 0.887865 | -0.000370 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.888235 | 2024-04-19 19:43:32 |