Forex Trend Analysis Report
Prepared for you on Tuesday, March 9, 2021.
Swiss Franc/Special drawing rights (FOREX:CHFXDR)
Strong Downtrend (-100) - CHFXDR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.
MarketClub’s Trade Triangles for CHFXDR
The long-term trend has been DOWN since Feb 23rd, 2021 at 0.7671683
The intermediate-term trend has been DOWN since Feb 23rd, 2021 at 0.7715207
The short-term trend has been DOWN since Feb 17th, 2021 at 0.7763030
Smart Scan Analysis for CHFXDR
Based on our trend formula, CHFXDR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).