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Forex Trend Analysis Report

Prepared for you on Monday, May 27, 2024.

Swiss Franc/Indian Rupee (FOREX:CHFINR)

Long-Term Downtrend (-90) - CHFINR is in a strong downtrend that is likely to continue. While CHFINR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid CHFINR?

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

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

FOREX_CHFINR
Open High Low CHFINR Price Change
90.84411 91.00585 90.72748 90.99975 +0.15564
Entry Signal

MarketClub’s Trade Triangles for CHFINR

long term down The long-term trend has been DOWN since Mar 1st, 2024 at 93.47156

intermediate term down The intermediate-term trend has been DOWN since May 24th, 2024 at 90.76915

short term down The short-term trend has been DOWN since May 17th, 2024 at 91.78121

Smart Scan Analysis for CHFINR

Based on our trend formula, CHFINR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CHFINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
90.84411 91.00585 90.72748 90.99975 +0.15564
Prev. Close Volume Bid Ask Time
90.84411 2024-05-27 15:08:58
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