Forex Trend Analysis Report
Prepared for you on Tuesday, March 9, 2021.
Special drawing rights/Swiss Franc (FOREX:XDRCHF)
Countertrend Up (+85) - XDRCHF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Feb 23rd, 2021 at 1.3034949
The intermediate-term trend has been UP since Feb 23rd, 2021 at 1.2961414
The short-term trend has been UP since Feb 17th, 2021 at 1.2881568
Smart Scan Analysis for XDRCHF
Based on our trend formula, XDRCHF is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).