Forex Trend Analysis Report
Prepared for you on Wednesday, February 24, 2021.
US Dollar/Swiss Franc (FOREX:USDCHF)
Crossroads (+60) - USDCHF is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid USDCHF?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDCHF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDCHF
The long-term trend has been DOWN since Dec 17th, 2019 at 0.97980
The intermediate-term trend has been UP since Feb 1st, 2021 at 0.89630
The short-term trend has been UP since Feb 17th, 2021 at 0.89405
Smart Scan Analysis for USDCHF
Based on our trend formula, USDCHF is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).