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Forex Trend Analysis Report
Prepared for you on Tuesday, November 29, 2022.
Swiss Franc/United Arab Emirates Dirham (FOREX:CHFAED)
Countertrend Up (+85) - CHFAED 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 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.
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MarketClub’s Trade Triangles for CHFAED
The long-term trend has been UP since Nov 15th, 2022 at 3.9108797
The intermediate-term trend has been UP since Nov 8th, 2022 at 3.7268327
The short-term trend has been DOWN since Nov 29th, 2022 at 3.8694436
Smart Scan Analysis for CHFAED
Based on our trend formula, CHFAED is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.8758877 | 3.8804131 | 3.8583996 | 3.8671457 | -0.0087420 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.8758877 | 2022-11-29 07:14:40 |