Forex Trend Analysis Report
Prepared for you on Saturday, October 24, 2020.
Swiss Franc/Russian Ruble (FOREX:CHFRUB)
Sidelines Mode (+55) - CHFRUB is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
MarketClub’s Trade Triangles for CHFRUB
The long-term trend has been UP since Jan 31st, 2020 at 65.92150
The intermediate-term trend has been UP since Jun 30th, 2020 at 74.57486
The short-term trend has been DOWN since Oct 21st, 2020 at 84.71925
Smart Scan Analysis for CHFRUB
Based on our trend formula, CHFRUB is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).