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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

Swiss Franc/United Arab Emirates Dirham (FOREX:CHFAED)

Sidelines Mode (+55) - CHFAED 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 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.

FOREX_CHFAED
Open High Low CHFAED Price Change
3.8355785 3.8372057 3.8355785 3.8372057 +0.0016270
Entry Signal

MarketClub’s Trade Triangles for CHFAED

long term up The long-term trend has been UP since Aug 1st, 2022 at 3.8638362

intermediate term up The intermediate-term trend has been UP since Jul 28th, 2022 at 3.8299254

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 3.8875453

Smart Scan Analysis for CHFAED

Based on our trend formula, CHFAED is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for CHFAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.8355785 3.8372057 3.8355785 3.8372057 +0.0016270
Prev. Close Volume Bid Ask Time
3.8355785 2022-08-19 09:57:12
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