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Forex Trend Analysis Report

Prepared for you on Wednesday, July 24, 2024.

Swiss Franc/Euro (FOREX:CHFEUR)

Crossroads (+60) - CHFEUR 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 CHFEUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for CHFEUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CHFEUR
Open High Low CHFEUR Price Change
1.0340150 1.0348565 1.0337520 1.0343615 +0.0003470
Entry Signal

MarketClub’s Trade Triangles for CHFEUR

long term up The long-term trend has been UP since Jun 14th, 2024 at 1.0465177

intermediate term down The intermediate-term trend has been DOWN since Jul 1st, 2024 at 1.0315127

short term down The short-term trend has been DOWN since Jul 22nd, 2024 at 1.0316325

Smart Scan Analysis for CHFEUR

Based on our trend formula, CHFEUR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for CHFEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0340150 1.0348565 1.0337520 1.0343615 +0.0003470
Prev. Close Volume Bid Ask Time
1.0340150 2024-07-24 01:29:30
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