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Forex Trend Analysis Report

Prepared for you on Monday, September 16, 2024.

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.

FOREX_CHFXDR
Open High Low CHFXDR Price Change
0.8742356 0.8742356 0.8742356 0.8742356 0.0000000
Entry Signal

MarketClub’s Trade Triangles for CHFXDR

long term up The long-term trend has been UP since Jul 17th, 2024 at 0.8531719

intermediate term up The intermediate-term trend has been UP since Jun 3rd, 2024 at 0.8366456

short term up The short-term trend has been UP since Aug 20th, 2024 at 0.8686327

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).

+80
Smart Scan Analysis for CHFXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8742356 0.8742356 0.8742356 0.8742356 0.0000000
Prev. Close Volume Bid Ask Time
0.8742356 2024-09-14 08:41:44
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