Forex Trend Analysis Report
Prepared for you on Thursday, April 26, 2018.
Swiss Franc/ (FOREX:CHFRSD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 DOWN since Apr 10th, 2018 at 99.9020
The intermediate term trend has been DOWN since Mar 1st, 2018 at 101.9800
The short term trend has been UP since Apr 23rd, 2018 at 98.8795
Smart Scan Analysis for CHFRSD
Based on a pre-defined weighted trend formula for chart analysis, CHFRSD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).