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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.

FOREX_EURCHF
Open High Low EURCHF Price Change
0.94745 0.94745 0.94340 0.94745 0.00000
Entry Signal

MarketClub’s Trade Triangles for EURCHF

long term down The long-term trend has been DOWN since Jan 1st, 2023 at 0.96297

intermediate term down The intermediate-term trend has been DOWN since Nov 29th, 2023 at 0.95971

short term up 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).

-85
Smart Scan Analysis for EURCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.94745 0.94745 0.94340 0.94745 0.00000
Prev. Close Volume Bid Ask Time
0.94745 2023-12-09 03:21:20
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