Forex Trend Analysis Report
Prepared for you on Thursday, September 28, 2023.
Swiss Franc/United Arab Emirates Dirham (FOREX:CHFAED)
Long-Term Downtrend (-90) - CHFAED is in a strong downtrend that is likely to continue. While CHFAED is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for CHFAED
The long-term trend has been DOWN since Sep 25th, 2023 at 4.0282795
The intermediate-term trend has been DOWN since Aug 1st, 2023 at 4.2062675
The short-term trend has been DOWN since Sep 21st, 2023 at 4.0882959
Smart Scan Analysis for CHFAED
Based on our trend formula, CHFAED is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).