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Forex Trend Analysis Report
Prepared for you on Tuesday, May 21, 2024.
Swiss Franc/British Pound (FOREX:CHFGBP)
Strong Downtrend (-100) - CHFGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CHFGBP continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CHFGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFGBP.
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 CHFGBP
The long-term trend has been DOWN since Feb 13th, 2024 at 0.896305
The intermediate-term trend has been DOWN since Apr 30th, 2024 at 0.870740
The short-term trend has been DOWN since May 13th, 2024 at 0.879060
Smart Scan Analysis for CHFGBP
Based on our trend formula, CHFGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.863880 | 0.865350 | 0.863145 | 0.863235 | -0.000645 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.863880 | 2024-05-21 11:53:06 |