Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
Swiss Franc/Special drawing rights (FOREX:CHFXDR)
Sidelines Mode (+50) - CHFXDR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CHFXDR can gain momentum.
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.
MarketClub’s Trade Triangles for CHFXDR
The long-term trend has been DOWN since Nov 11th, 2020 at 0.7679665
The intermediate-term trend has been UP since Nov 30th, 2020 at 0.7733589
The short-term trend has been UP since Nov 26th, 2020 at 0.7728400
Smart Scan Analysis for CHFXDR
Based on our trend formula, CHFXDR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).