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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.

FOREX_USDCHF
Open High Low USDCHF Price Change
0.87540 0.87650 0.87469 0.87470 -0.00070
Entry Signal

MarketClub’s Trade Triangles for USDCHF

long term down The long-term trend has been DOWN since Nov 30th, 2023 at 0.869365

intermediate term down The intermediate-term trend has been DOWN since Nov 14th, 2023 at 0.888850

short term up 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).

-85
Smart Scan Analysis for USDCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.87540 0.87650 0.87469 0.87470 -0.00070
Prev. Close Volume Bid Ask Time
0.87540 2023-12-08 03:52:19
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