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.
MarketClub’s Trade Triangles for USDCHF
The long-term trend has been DOWN since Dec 17th, 2019 at 0.979800
The intermediate-term trend has been UP since Mar 19th, 2020 at 0.981465
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).