Forex Trend Analysis Report
Prepared for you on Thursday, November 15, 2018.
Swiss Franc/Czech Koruna (FOREX:CHFCZK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 UP since Nov 9th, 2018 at 22.7818
The short term trend has been DOWN since Nov 15th, 2018 at 22.7652
Smart Scan Analysis for CHFCZK
Based on a pre-defined weighted trend formula for chart analysis, CHFCZK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).