Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
Swiss Franc/British Pound (FOREX:CHFGBP)
Countertrend Down (-85) - CHFGBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
MarketClub’s Trade Triangles for CHFGBP
The long-term trend has been DOWN since Jan 27th, 2021 at 0.819770
The intermediate-term trend has been DOWN since Jan 12th, 2021 at 0.824865
The short-term trend has been UP since Feb 26th, 2021 at 0.793860
Smart Scan Analysis for CHFGBP
Based on our trend formula, CHFGBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).