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Forex Trend Analysis Report

Prepared for you on Wednesday, May 31, 2023.

Swiss Franc/Russian Ruble (FOREX:CHFRUB)

Crossroads (+60) - CHFRUB 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 CHFRUB?

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

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

FOREX_CHFRUB
Open High Low CHFRUB Price Change
87.70510 89.66627 87.27854 89.23882 +1.53372
Entry Signal

MarketClub’s Trade Triangles for CHFRUB

long term up The long-term trend has been UP since Apr 3rd, 2023 at 85.41361

intermediate term down The intermediate-term trend has been DOWN since May 4th, 2023 at 88.01383

short term down The short-term trend has been DOWN since May 30th, 2023 at 87.08332

Smart Scan Analysis for CHFRUB

Based on our trend formula, CHFRUB is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for CHFRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
87.70510 89.66627 87.27854 89.23882 +1.53372
Prev. Close Volume Bid Ask Time
87.70510 2023-05-31 12:27:40
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