Forex Trend Analysis Report
Prepared for you on Thursday, September 20, 2018.
Swiss Franc/Czech Koruna (FOREX:CHFCZK)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 22.17010
The intermediate term trend has been DOWN since Sep 19th, 2018 at 22.44835
The short term trend has been DOWN since Sep 19th, 2018 at 22.58190
Smart Scan Analysis for CHFCZK
Based on a pre-defined weighted trend formula for chart analysis, CHFCZK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).