Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
Swiss Franc/British Pound (FOREX:CHFGBP)
Sidelines Mode (+55) - CHFGBP 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 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 UP since Jul 8th, 2021 at 0.79470
The intermediate-term trend has been UP since Sep 28th, 2021 at 0.79603
The short-term trend has been DOWN since Oct 15th, 2021 at 0.78954
Smart Scan Analysis for CHFGBP
Based on our trend formula, CHFGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).