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Forex Trend Analysis Report
Prepared for you on Monday, October 7, 2024.
Swiss Franc/US Dollar (FOREX:CHFUSD)
Crossroads (-60) - CHFUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for CHFUSD
The long-term trend has been UP since Jul 25th, 2024 at 1.1343599
The intermediate-term trend has been DOWN since Oct 4th, 2024 at 1.1693320
The short-term trend has been DOWN since Oct 2nd, 2024 at 1.1780662
Smart Scan Analysis for CHFUSD
Based on our trend formula, CHFUSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.1657228 | 1.1672336 | 1.1639501 | 1.1664131 | +0.0006900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.1657228 | 2024-10-07 07:13:33 |