Forex Trend Analysis Report
Prepared for you on Monday, June 5, 2023.
Swiss Franc/Argentine Peso (FOREX:CHFARS)
Long-Term Uptrend (+90) - CHFARS is in a strong uptrend that is likely to continue. While CHFARS is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid CHFARS?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFARS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CHFARS
The long-term trend has been UP since Jun 8th, 2020 at 72.18786
The intermediate-term trend has been UP since May 19th, 2022 at 120.04835
The short-term trend has been UP since May 15th, 2023 at 257.23248
Smart Scan Analysis for CHFARS
Based on our trend formula, CHFARS is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).