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Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

Swiss Franc/ (FOREX:CHFRSD)

Strong Downtrend (-100) - CHFRSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CHFRSD continues to fall. Traders should use caution and set stops.

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

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

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

FOREX_CHFRSD
Open High Low CHFRSD Price Change
118.40898 118.40898 118.20998 118.25955 -0.14943
Entry Signal

MarketClub’s Trade Triangles for CHFRSD

long term down The long-term trend has been DOWN since Mar 1st, 2024 at 122.46852

intermediate term down The intermediate-term trend has been DOWN since May 15th, 2024 at 119.25862

short term down The short-term trend has been DOWN since May 7th, 2024 at 119.93999

Smart Scan Analysis for CHFRSD

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

-100
Smart Scan Analysis for CHFRSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
118.40898 118.40898 118.20998 118.25955 -0.14943
Prev. Close Volume Bid Ask Time
118.40898 2024-05-22 06:31:28
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