Forex Trend Analysis Report
Prepared for you on Saturday, May 4, 2024.
Swiss Franc/US Dollar (FOREX:CHFUSD)
Sidelines Mode (-55) - CHFUSD 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 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.
|
MarketClub’s Trade Triangles for CHFUSD
The long-term trend has been DOWN since Mar 1st, 2024 at 1.1251723
The intermediate-term trend has been DOWN since Jan 1st, 2024 at 1.1342750
The short-term trend has been UP since May 3rd, 2024 at 1.1002710
Smart Scan Analysis for CHFUSD
Based on our trend formula, CHFUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
1.0995253 | 1.1105177 | 1.0989403 | 1.1050924 | +0.0055670 |
Prev. Close | Volume | Bid | Ask | Time |
1.0995253 | 2024-05-03 23:59:13 |