Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
Swiss Franc/US Dollar (FOREX:CHFUSD)
Bull Market Weakness (+75) - CHFUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CHFUSD as it may be in the beginning stages 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.
MarketClub’s Trade Triangles for CHFUSD
The long-term trend has been DOWN since Sep 16th, 2021 at 1.0782083
The intermediate-term trend has been UP since Oct 14th, 2021 at 1.0850695
The short-term trend has been UP since Oct 19th, 2021 at 1.0854040
Smart Scan Analysis for CHFUSD
Based on our trend formula, CHFUSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).