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Forex Trend Analysis Report

Prepared for you on Saturday, June 22, 2024.

US Dollar/Swiss Franc (FOREX:USDCHF)

Sidelines Mode (+55) - USDCHF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.8935077 0.8937500 0.8935077 0.8936843 +0.0001770
Entry Signal

MarketClub’s Trade Triangles for USDCHF

long term up The long-term trend has been UP since Mar 1st, 2024 at 0.88860

intermediate term down The intermediate-term trend has been DOWN since Jun 3rd, 2024 at 0.89887

short term up The short-term trend has been UP since Jun 21st, 2024 at 0.89270

Smart Scan Analysis for USDCHF

Based on our trend formula, USDCHF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for USDCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8935077 0.8937500 0.8935077 0.8936843 +0.0001770
Prev. Close Volume Bid Ask Time
0.8935077 2024-06-22 11:16:40
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