Forex Trend Analysis Report
Prepared for you on Wednesday, August 12, 2020.
US Dollar/Swiss Franc (FOREX:USDCHF)
Strong Downtrend (-100) - USDCHF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since May 1st, 2020 at 0.95940
The short-term trend has been DOWN since Aug 12th, 2020 at 0.91069
Smart Scan Analysis for USDCHF
Based on our trend formula, USDCHF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).