Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Swiss Franc/Australian Dollar (FOREX:CHFAUD)
Sidelines Mode (+55) - CHFAUD 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 CHFAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CHFAUD
The long-term trend has been UP since Mar 10th, 2023 at 1.6512561
The intermediate-term trend has been UP since Dec 5th, 2023 at 1.7461500
The short-term trend has been DOWN since Dec 8th, 2023 at 1.7256268
Smart Scan Analysis for CHFAUD
Based on our trend formula, CHFAUD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).