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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
Swiss Franc/Indian Rupee (FOREX:CHFINR)
Bear Market Rally (-75) - CHFINR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CHFINR as it may be in the beginning of a reversal.
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.
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MarketClub’s Trade Triangles for CHFINR
The long-term trend has been DOWN since Nov 13th, 2024 at 95.38915
The intermediate-term trend has been DOWN since Nov 1st, 2024 at 96.62773
The short-term trend has been UP since Nov 19th, 2024 at 95.59545
Smart Scan Analysis for CHFINR
Based on our trend formula, CHFINR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 95.62949 | 95.75265 | 95.24517 | 95.32639 | -0.30310 |
| Prev. Close | Volume | Bid | Ask | Time |
| 95.62949 | 2024-11-21 21:05:17 |