Forex Trend Analysis Report
Prepared for you on Sunday, September 24, 2023.
Swiss Franc/Argentine Peso (FOREX:CHFARS)
Sidelines Mode (-55) - CHFARS 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 CHFARS?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFARS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CHFARS
The long-term trend has been UP since Sep 28th, 2020 at 83.01325
The intermediate-term trend has been DOWN since Sep 12th, 2023 at 391.40118
The short-term trend has been UP since Sep 20th, 2023 at 391.02876
Smart Scan Analysis for CHFARS
Based on our trend formula, CHFARS is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).