Forex Trend Analysis Report
Prepared for you on Wednesday, January 19, 2022.
Swiss Franc/Special drawing rights (FOREX:CHFXDR)
Sidelines Mode (+55) - CHFXDR 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 CHFXDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFXDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CHFXDR
The long-term trend has been UP since Jun 8th, 2021 at 0.7727356
The intermediate-term trend has been UP since Dec 3rd, 2021 at 0.7748950
The short-term trend has been DOWN since Jan 7th, 2022 at 0.7805574
Smart Scan Analysis for CHFXDR
Based on our trend formula, CHFXDR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).