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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Swiss Franc/United Arab Emirates Dirham (FOREX:CHFAED)
Countertrend Down (-85) - CHFAED is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for CHFAED
The long-term trend has been DOWN since Nov 11th, 2024 at 4.1857550
The intermediate-term trend has been DOWN since Oct 4th, 2024 at 4.2966602
The short-term trend has been UP since Nov 18th, 2024 at 4.1423102
Smart Scan Analysis for CHFAED
Based on our trend formula, CHFAED is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.1567773 | 4.1567773 | 4.1511980 | 4.1558950 | -0.0008820 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.1567773 | 2024-11-20 03:43:16 |