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Forex Trend Analysis Report

Prepared for you on Thursday, October 21, 2021.

Swiss Franc/Special drawing rights (FOREX:CHFXDR)

Bull Market Weakness (+75) - CHFXDR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CHFXDR as it may be in the beginning stages 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
0.7710956 0.7710956 0.7710956 0.7710956 0.0000000
Entry Signal

MarketClub’s Trade Triangles for CHFXDR

long term up The long-term trend has been UP since Jun 8th, 2021 at 0.7727356

intermediate term up The intermediate-term trend has been UP since Oct 14th, 2021 at 0.7640398

short term up The short-term trend has been UP since Oct 14th, 2021 at 0.7633567

Smart Scan Analysis for CHFXDR

Based on our trend formula, CHFXDR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for CHFXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7710956 0.7710956 0.7710956 0.7710956 0.0000000
Prev. Close Volume Bid Ask Time
0.7710956 2021-10-14 07:18:44
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