Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
US Dollar/Swiss Franc (FOREX:USDCHF)
Long-Term Downtrend (-90) - USDCHF is in a strong downtrend that is likely to continue. While USDCHF 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 USDCHF?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDCHF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDCHF
The long-term trend has been DOWN since Dec 17th, 2019 at 0.979800
The intermediate-term trend has been DOWN since May 1st, 2020 at 0.959400
The short-term trend has been DOWN since May 26th, 2020 at 0.970005
Smart Scan Analysis for USDCHF
Based on our trend formula, USDCHF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).