Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Saturday, April 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.

FOREX_CHFAED
Open High Low CHFAED Price Change
4.0337086 4.0337086 4.0337086 4.0337086 0.0000000
Entry Signal

MarketClub’s Trade Triangles for CHFAED

long term down The long-term trend has been DOWN since Mar 1st, 2024 at 4.1416522

intermediate term down The intermediate-term trend has been DOWN since Jan 16th, 2024 at 4.2809236

short term up The short-term trend has been UP since Apr 17th, 2024 at 4.0233682

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).

-85
Smart Scan Analysis for CHFAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.0337086 4.0337086 4.0337086 4.0337086 0.0000000
Prev. Close Volume Bid Ask Time
4.0337086 2024-04-20 01:08:56
Get a free daily analysis and signals for Swiss Franc/United Arab Emirates Dirham (CHFAED) - Request Your Free Report.