Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Euro/Swiss Franc (FOREX:EURCHF)
Countertrend Down (-85) - EURCHF is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid EURCHF?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURCHF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURCHF
The long-term trend has been DOWN since Jan 1st, 2023 at 0.96297
The intermediate-term trend has been DOWN since Nov 29th, 2023 at 0.95971
The short-term trend has been UP since Dec 8th, 2023 at 0.94695
Smart Scan Analysis for EURCHF
Based on our trend formula, EURCHF is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).