Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
Australian Dollar/Swiss Franc (FOREX:AUDCHF)
Sidelines Mode (-55) - AUDCHF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid AUDCHF?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDCHF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AUDCHF
The long-term trend has been UP since Nov 24th, 2020 at 0.6713271
The intermediate-term trend has been DOWN since Apr 7th, 2021 at 0.7088967
The short-term trend has been UP since Apr 20th, 2021 at 0.7141959
Smart Scan Analysis for AUDCHF
Based on our trend formula, AUDCHF is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).