Forex Trend Analysis Report
Prepared for you on Tuesday, April 20, 2021.
Swiss Franc/Indonesian Rupiah (FOREX:CHFIDR)
Long-Term Uptrend (+90) - CHFIDR is in a strong uptrend that is likely to continue. While CHFIDR 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 CHFIDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFIDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CHFIDR
The long-term trend has been UP since Feb 16th, 2021 at 16117.455
The intermediate-term trend has been UP since Apr 7th, 2021 at 15587.884
The short-term trend has been UP since Apr 16th, 2021 at 15862.361
Smart Scan Analysis for CHFIDR
Based on our trend formula, CHFIDR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).