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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Swiss Franc/Turkish Lira (FOREX:CHFTRY)
Sidelines Mode (-55) - CHFTRY 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 CHFTRY?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFTRY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CHFTRY
The long-term trend has been UP since Oct 8th, 2021 at 9.640071
The intermediate-term trend has been DOWN since Apr 29th, 2024 at 35.285455
The short-term trend has been UP since May 3rd, 2024 at 35.713013
Smart Scan Analysis for CHFTRY
Based on our trend formula, CHFTRY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 35.493139 | 35.718190 | 35.466598 | 35.523455 | +0.030316 |
| Prev. Close | Volume | Bid | Ask | Time |
| 35.493139 | 2024-05-08 11:05:26 |