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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Swiss Franc/Special drawing rights (FOREX:CHFXDR)
Long-Term Uptrend (+90) - CHFXDR is in a strong uptrend that is likely to continue. While CHFXDR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.
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MarketClub’s Trade Triangles for CHFXDR
The long-term trend has been UP since Jul 17th, 2024 at 0.8531719
The intermediate-term trend has been UP since Jun 3rd, 2024 at 0.8366456
The short-term trend has been UP since Jul 26th, 2024 at 0.8531791
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 |
|---|---|---|---|---|
| 0.8533167 | 0.8533167 | 0.8533167 | 0.8533167 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.8533167 | 2024-07-26 14:00:16 |