Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, April 19, 2024.

Swiss Franc/Special drawing rights (FOREX:CHFXDR)

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

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

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

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

FOREX_CHFXDR
Open High Low CHFXDR Price Change
0.8363835 0.8363835 0.8363835 0.8363835 0.0000000
Entry Signal

MarketClub’s Trade Triangles for CHFXDR

long term down The long-term trend has been DOWN since Mar 20th, 2024 at 0.8504726

intermediate term down The intermediate-term trend has been DOWN since Jan 16th, 2024 at 0.8730032

short term up The short-term trend has been UP since Apr 18th, 2024 at 0.8331528

Smart Scan Analysis for CHFXDR

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

-75
Smart Scan Analysis for CHFXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8363835 0.8363835 0.8363835 0.8363835 0.0000000
Prev. Close Volume Bid Ask Time
0.8352704 2024-04-18 07:26:29
Get a free daily analysis and signals for Swiss Franc/Special drawing rights (CHFXDR) - Request Your Free Report.