Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Swiss Franc/Russian Ruble (FOREX:CHFRUB)
Long-Term Downtrend (-90) - CHFRUB is in a strong downtrend that is likely to continue. While CHFRUB is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Feb 17th, 2021 at 81.93641
The intermediate-term trend has been DOWN since Sep 2nd, 2021 at 79.52900
The short-term trend has been DOWN since Oct 22nd, 2021 at 76.65700
Smart Scan Analysis for CHFRUB
Based on our trend formula, CHFRUB is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).