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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Swiss Franc/Special drawing rights (FOREX:CHFXDR)
Long-Term Downtrend (-90) - CHFXDR is in a strong downtrend that is likely to continue. While CHFXDR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for CHFXDR
The long-term trend has been DOWN since Nov 7th, 2024 at 0.8617071
The intermediate-term trend has been DOWN since Nov 7th, 2024 at 0.8622653
The short-term trend has been DOWN since Nov 7th, 2024 at 0.8683569
Smart Scan Analysis for CHFXDR
Based on our trend formula, CHFXDR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.8563801 | 0.8563801 | 0.8563801 | 0.8563801 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.8563801 | 2024-11-18 13:11:45 |