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Forex Trend Analysis Report
Prepared for you on Monday, July 6, 2020.
Swiss Franc/US Dollar (FOREX:CHFUSD)
Long-Term Uptrend (+90) - CHFUSD is in a strong uptrend that is likely to continue. While CHFUSD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
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MarketClub’s Trade Triangles for CHFUSD
The long-term trend has been UP since Dec 19th, 2019 at 1.0223500
The intermediate-term trend has been UP since May 1st, 2020 at 1.0422719
The short-term trend has been UP since Jul 2nd, 2020 at 1.0592174
Smart Scan Analysis for CHFUSD
Based on our trend formula, CHFUSD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.0600409 | 1.0656828 | 1.0596704 | 1.0616861 | +0.0016450 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.0600409 | 1.0616412 | 1.0617309 | 2020-07-06 15:43:24 |