Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
Swiss Franc/Turkish Lira (FOREX:CHFTRY)
Sidelines Mode (-55) - CHFTRY 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 CHFTRY?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFTRY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CHFTRY
The long-term trend has been DOWN since Jan 7th, 2021 at 8.228178
The intermediate-term trend has been DOWN since Dec 24th, 2020 at 8.562685
The short-term trend has been UP since Feb 22nd, 2021 at 7.819877
Smart Scan Analysis for CHFTRY
Based on our trend formula, CHFTRY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).