Forex Trend Analysis Report
Prepared for you on Thursday, March 30, 2023.
Swiss Franc/Special drawing rights (FOREX:CHFXDR)
Countertrend Up (+85) - CHFXDR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Dec 2nd, 2022 at 0.8078622
The intermediate-term trend has been UP since Mar 15th, 2023 at 0.8104702
The short-term trend has been UP since Mar 15th, 2023 at 0.8104702
Smart Scan Analysis for CHFXDR
Based on our trend formula, CHFXDR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).