Forex Trend Analysis Report
Prepared for you on Thursday, August 16, 2018.
Swiss Franc/ (FOREX:CHFRON)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 CHFRON
The long term trend has been UP since May 29th, 2018 at 4.06205
The intermediate term trend has been UP since Aug 6th, 2018 at 4.01625
The short term trend has been UP since Aug 2nd, 2018 at 4.00325
Smart Scan Analysis for CHFRON
Based on a pre-defined weighted trend formula for chart analysis, CHFRON scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).