Forex Trend Analysis Report
Prepared for you on Thursday, July 19, 2018.
Euro/Swiss Franc (FOREX:EURCHF)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURCHF
The long term trend has been DOWN since May 29th, 2018 at 1.145285
The intermediate term trend has been UP since Jul 9th, 2018 at 1.163750
The short term trend has been DOWN since Jul 17th, 2018 at 1.165980
Smart Scan Analysis for EURCHF
Based on a pre-defined weighted trend formula for chart analysis, EURCHF scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).