Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

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.

FOREX_GBPCHF
Open High Low GBPCHF Price Change
1.135760 1.138005 1.134880 1.136100 +0.000340
Entry Signal

MarketClub’s Trade Triangles for GBPCHF

long term up The long-term trend has been UP since Feb 13th, 2024 at 1.11753

intermediate term down The intermediate-term trend has been DOWN since Apr 17th, 2024 at 1.13210

short term up The short-term trend has been UP since Apr 23rd, 2024 at 1.13290

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).

-55
Smart Scan Analysis for GBPCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.135760 1.138005 1.134880 1.136100 +0.000340
Prev. Close Volume Bid Ask Time
1.135760 2024-04-24 10:58:24
Get a free daily analysis and signals for British Pound/Swiss Franc (GBPCHF) - Request Your Free Report.