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Forex Trend Analysis Report
Prepared for you on Monday, October 7, 2024.
Swiss Franc/United Arab Emirates Dirham (FOREX:CHFAED)
Crossroads (-60) - CHFAED 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 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 UP since Jul 17th, 2024 at 4.1573175
The intermediate-term trend has been DOWN since Oct 4th, 2024 at 4.2966602
The short-term trend has been DOWN since Oct 2nd, 2024 at 4.3336519
Smart Scan Analysis for CHFAED
Based on our trend formula, CHFAED is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.2862294 | 4.2887359 | 4.2845911 | 4.2887359 | +0.0025060 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.2862294 | 2024-10-07 07:26:57 |