Forex Trend Analysis Report
Prepared for you on Monday, March 20, 2023.
US Dollar/Swiss Franc (FOREX:USDCHF)
Bear Market Rally (-75) - USDCHF is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDCHF as it may be in the beginning of a reversal.
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 Nov 15th, 2022 at 0.9372600
The intermediate-term trend has been DOWN since Mar 12th, 2023 at 0.9176800
The short-term trend has been UP since Mar 15th, 2023 at 0.9221598
Smart Scan Analysis for USDCHF
Based on our trend formula, USDCHF is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).