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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.

FOREX_CHFTWD
Open High Low CHFTWD Price Change
32.994548 33.052290 32.720667 32.859650 -0.134898
Entry Signal

MarketClub’s Trade Triangles for CHFTWD

long term down The long-term trend has been DOWN since Mar 10th, 2023 at 32.160140

intermediate term down The intermediate-term trend has been DOWN since Mar 10th, 2023 at 32.382654

short term down 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).

-90
Smart Scan Analysis for CHFTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
32.994548 33.052290 32.720667 32.859650 -0.134898
Prev. Close Volume Bid Ask Time
32.994548 2023-03-20 18:39:35
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