Forex Trend Analysis Report
Prepared for you on Tuesday, May 11, 2021.
Euro/Swiss Franc (FOREX:EURCHF)
Sidelines Mode (+55) - EURCHF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid EURCHF?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURCHF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURCHF
The long-term trend has been UP since Dec 28th, 2020 at 1.087760
The intermediate-term trend has been DOWN since Apr 9th, 2021 at 1.100385
The short-term trend has been UP since Apr 20th, 2021 at 1.103750
Smart Scan Analysis for EURCHF
Based on our trend formula, EURCHF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).