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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
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.
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MarketClub’s Trade Triangles for XDRCHF
The long-term trend has been DOWN since Jul 17th, 2024 at 1.1720967
The intermediate-term trend has been DOWN since Jun 3rd, 2024 at 1.1952492
The short-term trend has been DOWN since Jul 26th, 2024 at 1.1720868
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.1718979 | 1.1718979 | 1.1718979 | 1.1718979 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.1718979 | 2024-07-26 14:00:16 |