Forex Trend Analysis Report
Prepared for you on Sunday, April 5, 2020.
Swiss Franc/New Taiwan Dollar (FOREX:CHFTWD)
Sidelines Mode (-55) - CHFTWD 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 CHFTWD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFTWD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CHFTWD
The long-term trend has been UP since Jan 6th, 2020 at 31.006957
The intermediate-term trend has been DOWN since Mar 22nd, 2020 at 31.273001
The short-term trend has been UP since Apr 2nd, 2020 at 31.031181
Smart Scan Analysis for CHFTWD
Based on our trend formula, CHFTWD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).