Forex Trend Analysis Report
Prepared for you on Thursday, August 6, 2020.
Swiss Franc/British Pound (FOREX:CHFGBP)
Sidelines Mode (-55) - CHFGBP 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 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.
MarketClub’s Trade Triangles for CHFGBP
The long-term trend has been UP since Feb 3rd, 2020 at 0.796660
The intermediate-term trend has been DOWN since Jul 13th, 2020 at 0.840365
The short-term trend has been UP since Aug 4th, 2020 at 0.840585
Smart Scan Analysis for CHFGBP
Based on our trend formula, CHFGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).