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Forex Trend Analysis Report

Prepared for you on Monday, December 11, 2023.

Swiss Franc/United Arab Emirates Dirham (FOREX:CHFAED)

Sidelines Mode (+55) - CHFAED 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 CHFAED?

MarketClub looks at technical strength and momentum to determine if the timing is right for CHFAED.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CHFAED
Open High Low CHFAED Price Change
4.1730173 4.1749609 4.1701490 4.1701490 -0.0028680
Entry Signal

MarketClub’s Trade Triangles for CHFAED

long term up The long-term trend has been UP since Dec 3rd, 2023 at 4.2120958

intermediate term up The intermediate-term trend has been UP since Oct 18th, 2023 at 4.0863993

short term down The short-term trend has been DOWN since Dec 6th, 2023 at 4.1971485

Smart Scan Analysis for CHFAED

Based on our trend formula, CHFAED is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for CHFAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.1730173 4.1749609 4.1701490 4.1701490 -0.0028680
Prev. Close Volume Bid Ask Time
4.1730173 2023-12-11 08:48:48
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