Forex Trend Analysis Report
Prepared for you on Thursday, June 21, 2018.
Australian Dollar/Swiss Franc (FOREX:AUDCHF)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
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 UP since May 11th, 2018 at 0.756735
The intermediate term trend has been DOWN since May 29th, 2018 at 0.743940
The short term trend has been DOWN since Jun 13th, 2018 at 0.746055
Smart Scan Analysis for AUDCHF
Based on a pre-defined weighted trend formula for chart analysis, AUDCHF scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).