Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

Swiss Franc/US Dollar (FOREX:CHFUSD)

Sidelines Mode (+50) - CHFUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CHFUSD can gain momentum.

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

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

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

FOREX_CHFUSD
Open High Low CHFUSD Price Change
1.0957596 1.0974540 1.0933966 1.0960053 +0.0002460
Entry Signal

MarketClub’s Trade Triangles for CHFUSD

long term down The long-term trend has been DOWN since Mar 1st, 2024 at 1.1251723

intermediate term up The intermediate-term trend has been UP since May 15th, 2024 at 1.1105177

short term up The short-term trend has been UP since May 27th, 2024 at 1.0957957

Smart Scan Analysis for CHFUSD

Based on our trend formula, CHFUSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for CHFUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0957596 1.0974540 1.0933966 1.0960053 +0.0002460
Prev. Close Volume Bid Ask Time
1.0957596 2024-05-29 10:34:09
Get a free daily analysis and signals for Swiss Franc/US Dollar (CHFUSD) - Request Your Free Report.