Forex Trend Analysis Report
Prepared for you on Wednesday, October 18, 2017.
Swiss Franc/Euro (FOREX:CHFEUR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 CHFEUR
The long term trend has been DOWN since Apr 23rd, 2017 at 0.923785
The intermediate term trend has been DOWN since Jun 28th, 2017 at 0.916593
The short term trend has been UP since Oct 16th, 2017 at 0.869065
Smart Scan Analysis for CHFEUR
Based on a pre-defined weighted trend formula for chart analysis, CHFEUR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).