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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.
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MarketClub’s Trade Triangles for CHFRUB
The long-term trend has been UP since Apr 3rd, 2023 at 85.41361
The intermediate-term trend has been DOWN since May 4th, 2023 at 88.01383
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).
| 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 |