Forex Trend Analysis Report
Prepared for you on Monday, May 22, 2017.
Australian Dollar/Swiss Franc (FOREX:AUDCHF)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 AUDCHF
The long term trend has been DOWN since May 3rd, 2017 at 0.739495
The intermediate term trend has been DOWN since Mar 5th, 2017 at 0.763690
The short term trend has been DOWN since May 15th, 2017 at 0.738820
Smart Scan Analysis for AUDCHF
Based on a pre-defined weighted trend formula for chart analysis, AUDCHF scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).