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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
US Dollar/Swiss Franc (FOREX:USDCHF)
Countertrend Up (+85) - USDCHF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for USDCHF
The long-term trend has been UP since Nov 11th, 2024 at 0.877700
The intermediate-term trend has been UP since Nov 6th, 2024 at 0.875245
The short-term trend has been DOWN since Nov 18th, 2024 at 0.885950
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.883450 | 0.885000 | 0.883100 | 0.883995 | +0.000545 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.883450 | 2024-11-20 03:50:04 |