Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Sunday, July 14, 2024.

Swiss Franc/British Pound (FOREX:CHFGBP)

Long-Term Downtrend (-90) - CHFGBP is in a strong downtrend that is likely to continue. While CHFGBP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid CHFGBP?

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

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

FOREX_CHFGBP
Open High Low CHFGBP Price Change
0.860845 0.862545 0.859620 0.860605 -0.000240
Entry Signal

MarketClub’s Trade Triangles for CHFGBP

long term down The long-term trend has been DOWN since Feb 13th, 2024 at 0.896305

intermediate term down The intermediate-term trend has been DOWN since Jul 2nd, 2024 at 0.872350

short term down The short-term trend has been DOWN since Jul 10th, 2024 at 0.868310

Smart Scan Analysis for CHFGBP

Based on our trend formula, CHFGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CHFGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.860845 0.862545 0.859620 0.860605 -0.000240
Prev. Close Volume Bid Ask Time
0.860845 2024-07-14 23:03:35
Get a free daily analysis and signals for Swiss Franc/British Pound (CHFGBP) - Request Your Free Report.