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Forex Trend Analysis Report

Prepared for you on Tuesday, February 7, 2023.

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.

FOREX_USDCHF
Open High Low USDCHF Price Change
0.927100 0.928915 0.919670 0.921745 -0.005355
Entry Signal

MarketClub’s Trade Triangles for USDCHF

long term down The long-term trend has been DOWN since Nov 15th, 2022 at 0.93726

intermediate term up The intermediate-term trend has been UP since Feb 7th, 2023 at 0.92890

short term up The short-term trend has been UP since Feb 5th, 2023 at 0.92720

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).

+60
Smart Scan Analysis for USDCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.927100 0.928915 0.919670 0.921745 -0.005355
Prev. Close Volume Bid Ask Time
0.927100 2023-02-07 23:52:03
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