Forex Trend Analysis Report
Prepared for you on Tuesday, December 7, 2021.
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.
MarketClub’s Trade Triangles for USDCHF
The long-term trend has been UP since Sep 16th, 2021 at 0.927500
The intermediate-term trend has been DOWN since Dec 5th, 2021 at 0.915850
The short-term trend has been UP since Dec 6th, 2021 at 0.922065
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).