Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
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 Jan 30th, 2020 at 0.7487787
The intermediate-term trend has been UP since May 19th, 2020 at 0.7584732
The short-term trend has been UP since May 19th, 2020 at 0.7584732
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).