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Forex Trend Analysis Report

Prepared for you on Thursday, April 9, 2020.

US Dollar/Swiss Franc (FOREX:USDCHF)

Sidelines Mode (+55) - USDCHF 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 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
0.97157 0.97332 0.96930 0.97177 +0.00020
Entry Signal

MarketClub’s Trade Triangles for USDCHF

long term down The long-term trend has been DOWN since Dec 17th, 2019 at 0.979800

intermediate term up The intermediate-term trend has been UP since Mar 19th, 2020 at 0.981465

short term down The short-term trend has been DOWN since Apr 7th, 2020 at 0.973200

Smart Scan Analysis for USDCHF

Based on our trend formula, USDCHF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for USDCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.97157 0.97332 0.96930 0.97177 +0.00020
Prev. Close Volume Bid Ask Time
0.97157 0.97173 0.97181 2020-04-09 07:43:49
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