Forex Trend Analysis Report
Prepared for you on Thursday, December 7, 2023.
Special drawing rights/Swiss Franc (FOREX:XDRCHF)
Long-Term Downtrend (-90) - XDRCHF is in a strong downtrend that is likely to continue. While XDRCHF is showing intraday strength, it remains in the confines of a bearish trend. 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 Dec 2nd, 2022 at 1.2378349
The intermediate-term trend has been DOWN since Dec 1st, 2023 at 1.1713245
The short-term trend has been DOWN since Nov 16th, 2023 at 1.1833147
Smart Scan Analysis for XDRCHF
Based on our trend formula, XDRCHF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).