Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
Swiss Franc/Special Drawing Right (FOREX:CHFSDR)
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 CHFSDR
The long term trend has been UP since Jul 23rd, 2018 at 0.71872
The intermediate term trend has been DOWN since Sep 27th, 2018 at 0.73512
The short term trend has been DOWN since Sep 24th, 2018 at 0.74108
Smart Scan Analysis for CHFSDR
Based on a pre-defined weighted trend formula for chart analysis, CHFSDR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).