Forex Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
Swiss Franc/ (FOREX:CHFLFX)
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 CHFLFX
The long term trend has been UP since Aug 9th, 2018 at 2.0217
The intermediate term trend has been DOWN since Jan 10th, 2019 at 2.0455
The short term trend has been DOWN since Jan 10th, 2019 at 2.0512
Smart Scan Analysis for CHFLFX
Based on a pre-defined weighted trend formula for chart analysis, CHFLFX scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).