Forex Trend Analysis Report
Prepared for you on Friday, February 21, 2020.
US Dollar/Swiss Franc (FOREX:USDCHF)
Bull Market Weakness (+75) - USDCHF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDCHF as it may be in the beginning stages of a reversal.
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 UP since Feb 7th, 2020 at 0.97670
The short-term trend has been UP since Feb 13th, 2020 at 0.97885
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).