Forex Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
Swiss Franc/ (FOREX:CHFRSD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 CHFRSD
The long term trend has been UP since May 29th, 2018 at 103.60
The intermediate term trend has been DOWN since Sep 24th, 2018 at 104.36
The short term trend has been DOWN since Sep 19th, 2018 at 105.02
Smart Scan Analysis for CHFRSD
Based on a pre-defined weighted trend formula for chart analysis, CHFRSD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).