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Forex Trend Analysis Report

Prepared for you on Monday, April 22, 2024.

Swiss Franc/US Dollar (FOREX:CHFUSD)

Bear Market Rally (-75) - CHFUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CHFUSD as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid CHFUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for CHFUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CHFUSD
Open High Low CHFUSD Price Change
1.0968026 1.0992019 1.0958241 1.0970500 +0.0002470
Entry Signal

MarketClub’s Trade Triangles for CHFUSD

long term down The long-term trend has been DOWN since Mar 1st, 2024 at 1.1251723

intermediate term down The intermediate-term trend has been DOWN since Jan 1st, 2024 at 1.1342750

short term up The short-term trend has been UP since Apr 18th, 2024 at 1.0996592

Smart Scan Analysis for CHFUSD

Based on our trend formula, CHFUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for CHFUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0968026 1.0992019 1.0958241 1.0970500 +0.0002470
Prev. Close Volume Bid Ask Time
1.0968026 2024-04-22 21:36:31
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