Forex Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
British Pound/Swiss Franc (FOREX:GBPCHF)
Long-Term Downtrend (-90) - GBPCHF is in a strong downtrend that is likely to continue. While GBPCHF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPCHF?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPCHF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPCHF
The long-term trend has been DOWN since Jul 20th, 2021 at 1.25170
The intermediate-term trend has been DOWN since May 19th, 2022 at 1.20790
The short-term trend has been DOWN since Aug 19th, 2022 at 1.13874
Smart Scan Analysis for GBPCHF
Based on our trend formula, GBPCHF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).