Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Special drawing rights/Swiss Franc (FOREX:XDRCHF)
Strong Downtrend (-100) - XDRCHF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid XDRCHF?
MarketClub looks at technical strength and momentum to determine if the timing is right for XDRCHF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XDRCHF
The long-term trend has been DOWN since Jun 8th, 2021 at 1.2941037
The intermediate-term trend has been DOWN since Oct 14th, 2021 at 1.3088324
The short-term trend has been DOWN since Oct 14th, 2021 at 1.3100036
Smart Scan Analysis for XDRCHF
Based on our trend formula, XDRCHF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).