Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Swiss Franc/British Pound (FOREX:CHFGBP)
Long-Term Uptrend (+90) - CHFGBP is in a strong uptrend that is likely to continue. While CHFGBP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Feb 3rd, 2020 at 0.79666
The intermediate-term trend has been UP since May 13th, 2020 at 0.84236
The short-term trend has been UP since May 29th, 2020 at 0.84483
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).