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Forex Trend Analysis Report

Prepared for you on Friday, December 4, 2020.

Swiss Franc/Special drawing rights (FOREX:CHFXDR)

Sidelines Mode (+50) - CHFXDR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CHFXDR can gain momentum.

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
0.7786297 0.7786297 0.7786297 0.7786297 0.0000000
Entry Signal

MarketClub’s Trade Triangles for CHFXDR

long term down The long-term trend has been DOWN since Nov 11th, 2020 at 0.7679665

intermediate term up The intermediate-term trend has been UP since Nov 30th, 2020 at 0.7733589

short term up The short-term trend has been UP since Nov 26th, 2020 at 0.7728400

Smart Scan Analysis for CHFXDR

Based on our trend formula, CHFXDR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for CHFXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7786297 0.7786297 0.7786297 0.7786297 0.0000000
Prev. Close Volume Bid Ask Time
0.7827445 2020-12-02 07:11:58
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