Forex Trend Analysis Report
Prepared for you on Thursday, June 1, 2023.
Swiss Franc/Indonesian Rupiah (FOREX:CHFIDR)
Crossroads (-60) - CHFIDR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Nov 7th, 2022 at 15798.013
The intermediate-term trend has been DOWN since Mar 31st, 2023 at 16317.514
The short-term trend has been DOWN since May 30th, 2023 at 16503.799
Smart Scan Analysis for CHFIDR
Based on our trend formula, CHFIDR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).