Forex Trend Analysis Report
Prepared for you on Friday, August 17, 2018.
Swiss Franc/Special Drawing Right (FOREX:CHFSDR)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. 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 CHFSDR
The long term trend has been UP since Jul 23rd, 2018 at 0.71872
The intermediate term trend has been UP since Jul 23rd, 2018 at 0.71668
The short term trend has been UP since Aug 9th, 2018 at 0.71947
Smart Scan Analysis for CHFSDR
Based on a pre-defined weighted trend formula for chart analysis, CHFSDR scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).