Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
US Dollar/Swiss Franc (FOREX:USDCHF)
Weak Downtrend (-65) - USDCHF is showing signs of a strengthening downtrend. Monitor USDCHF as it may be building momentum to the downside.
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 UP since Mar 1st, 2021 at 0.910175
The intermediate-term trend has been DOWN since Apr 12th, 2021 at 0.922310
The short-term trend has been DOWN since Apr 5th, 2021 at 0.940450
Smart Scan Analysis for USDCHF
Based on our trend formula, USDCHF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).