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Forex Trend Analysis Report

Prepared for you on Tuesday, July 16, 2024.

Swiss Franc/Australian Dollar (FOREX:CHFAUD)

Sidelines Mode (-55) - CHFAUD 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 CHFAUD?

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

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

FOREX_CHFAUD
Open High Low CHFAUD Price Change
1.6544513 1.6616828 1.6534403 1.6611307 +0.0066790
Entry Signal

MarketClub’s Trade Triangles for CHFAUD

long term down The long-term trend has been DOWN since Mar 21st, 2024 at 1.6989835

intermediate term down The intermediate-term trend has been DOWN since Jun 30th, 2024 at 1.6636179

short term up The short-term trend has been UP since Jul 15th, 2024 at 1.6545346

Smart Scan Analysis for CHFAUD

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

-55
Smart Scan Analysis for CHFAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.6544513 1.6616828 1.6534403 1.6611307 +0.0066790
Prev. Close Volume Bid Ask Time
1.6544513 2024-07-16 12:02:02
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