Forex Trend Analysis Report
Prepared for you on Thursday, September 28, 2023.
Swiss Franc/Russian Ruble (FOREX:CHFRUB)
Sidelines Mode (+55) - CHFRUB 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 CHFRUB?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFRUB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CHFRUB
The long-term trend has been UP since Apr 3rd, 2023 at 85.41361
The intermediate-term trend has been DOWN since Sep 12th, 2023 at 105.27174
The short-term trend has been UP since Sep 26th, 2023 at 106.55013
Smart Scan Analysis for CHFRUB
Based on our trend formula, CHFRUB is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).