Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 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 DOWN since Nov 11th, 2020 at 31.182762
The intermediate-term trend has been DOWN since Oct 29th, 2020 at 31.427226
The short-term trend has been UP since Nov 17th, 2020 at 31.207125
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).