Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
US Dollar/Swiss Franc (FOREX:USDCHF)
Countertrend Down (-85) - USDCHF is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 Nov 30th, 2023 at 0.869365
The intermediate-term trend has been DOWN since Nov 14th, 2023 at 0.888850
The short-term trend has been UP since Dec 7th, 2023 at 0.876700
Smart Scan Analysis for USDCHF
Based on our trend formula, USDCHF is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).