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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
Swiss Franc/British Pound (FOREX:CHFGBP)
Sidelines Mode (-50) - CHFGBP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CHFGBP can gain momentum.
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.
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MarketClub’s Trade Triangles for CHFGBP
The long-term trend has been UP since Aug 1st, 2024 at 0.891305
The intermediate-term trend has been DOWN since Nov 6th, 2024 at 0.883365
The short-term trend has been DOWN since Nov 20th, 2024 at 0.890890
Smart Scan Analysis for CHFGBP
Based on our trend formula, CHFGBP is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.895105 | 0.897125 | 0.894265 | 0.895265 | +0.000160 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.895105 | 2024-11-21 07:17:31 |