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Forex Trend Analysis Report

Prepared for you on Friday, May 17, 2024.

Swiss Franc/Indonesian Rupiah (FOREX:CHFIDR)

Strong Downtrend (-100) - CHFIDR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CHFIDR continues to fall. Traders should use caution and set stops.

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

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

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

FOREX_CHFIDR
Open High Low CHFIDR Price Change
17612.765 17713.605 17539.782 17556.838 -55.927
Entry Signal

MarketClub’s Trade Triangles for CHFIDR

long term down The long-term trend has been DOWN since Mar 21st, 2024 at 17555.856

intermediate term down The intermediate-term trend has been DOWN since May 17th, 2024 at 17541.566

short term down The short-term trend has been DOWN since May 15th, 2024 at 17698.188

Smart Scan Analysis for CHFIDR

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

-100
Smart Scan Analysis for CHFIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17612.765 17713.605 17539.782 17556.838 -55.927
Prev. Close Volume Bid Ask Time
17612.765 2024-05-17 17:00:34
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