Forex Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
Swiss Franc/Czech Koruna (FOREX:CHFCZK)
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 CHFCZK
The long term trend has been UP since May 23rd, 2018 at 22.1701
The intermediate term trend has been DOWN since Jul 9th, 2018 at 22.2070
The short term trend has been DOWN since Jul 12th, 2018 at 22.1565
Smart Scan Analysis for CHFCZK
Based on a pre-defined weighted trend formula for chart analysis, CHFCZK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).