Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Tuesday, November 5, 2024.
US Dollar/Swiss Franc (FOREX:USDCHF)
Bear Market Rally (-75) - USDCHF is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDCHF as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid USDCHF?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDCHF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for USDCHF
The long-term trend has been DOWN since Jul 17th, 2024 at 0.88282
The intermediate-term trend has been UP since Oct 4th, 2024 at 0.85510
The short-term trend has been DOWN since Nov 4th, 2024 at 0.86320
Smart Scan Analysis for USDCHF
Based on our trend formula, USDCHF is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.864445 | 0.864700 | 0.861700 | 0.861765 | -0.002680 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.864445 | 2024-11-05 04:23:26 |