Forex Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
British Pound/Swiss Franc (FOREX:GBPCHF)
Sidelines Mode (-55) - GBPCHF 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 GBPCHF?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPCHF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPCHF
The long-term trend has been UP since Apr 1st, 2021 at 1.303625
The intermediate-term trend has been DOWN since Apr 7th, 2021 at 1.277370
The short-term trend has been UP since Apr 19th, 2021 at 1.274945
Smart Scan Analysis for GBPCHF
Based on our trend formula, GBPCHF is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).