Forex Trend Analysis Report
Prepared for you on Monday, March 20, 2023.
Swiss Franc/New Taiwan Dollar (FOREX:CHFTWD)
Long-Term Downtrend (-90) - CHFTWD is in a strong downtrend that is likely to continue. While CHFTWD 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 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 DOWN since Mar 10th, 2023 at 32.160140
The intermediate-term trend has been DOWN since Mar 10th, 2023 at 32.382654
The short-term trend has been DOWN since Mar 15th, 2023 at 33.224530
Smart Scan Analysis for CHFTWD
Based on our trend formula, CHFTWD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).