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.
MarketClub’s Trade Triangles for CHFXDR
The long-term trend has been UP since Jun 8th, 2021 at 0.7727356
The intermediate-term trend has been UP since Oct 14th, 2021 at 0.7640398
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).