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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.

FOREX_CHFXDR
Open High Low CHFXDR Price Change
0.7767558 0.7773143 0.7767558 0.7773143 +0.0005590
Entry Signal

MarketClub’s Trade Triangles for CHFXDR

long term up The long-term trend has been UP since Jun 8th, 2021 at 0.7727356

intermediate term up The intermediate-term trend has been UP since Dec 3rd, 2021 at 0.7748950

short term down 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).

+55
Smart Scan Analysis for CHFXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7767558 0.7773143 0.7767558 0.7773143 +0.0005590
Prev. Close Volume Bid Ask Time
0.7767558 2022-01-17 21:08:24
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