Forex Trend Analysis Report
Prepared for you on Thursday, December 3, 2020.
Special drawing rights/Swiss Franc (FOREX:XDRCHF)
Weak Downtrend (-65) - XDRCHF is showing signs of a strengthening downtrend. Monitor XDRCHF as it may be building momentum to the downside.
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 UP since Nov 11th, 2020 at 1.3021401
The intermediate-term trend has been DOWN since Nov 30th, 2020 at 1.2930607
The short-term trend has been DOWN since Nov 26th, 2020 at 1.2939289
Smart Scan Analysis for XDRCHF
Based on our trend formula, XDRCHF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).