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Forex Trend Analysis Report

Prepared for you on Thursday, June 21, 2018.

Swiss Franc/US Dollar (FOREX:CHFUSD)

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.

FOREX_CHFUSD
Open High Low CHFUSD Price Change
1.002300 1.004117 1.000950 1.001750 -0.000550
Entry Signal

MarketClub’s Trade Triangles for CHFUSD

long term down The long term trend has been DOWN since May 1st, 2018 at 1.00795

intermediate term down The intermediate term trend has been DOWN since Jun 18th, 2018 at 1.00110

short term up The short term trend has been UP since Jun 19th, 2018 at 1.00785

Smart Scan Analysis for CHFUSD

Based on a pre-defined weighted trend formula for chart analysis, CHFUSD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for CHFUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.002300 1.004117 1.000950 1.001750 -0.000550
Prev. Close Volume Bid Ask Time
1.002300 1.001700 1.001800 2018-06-21 03:54:33
Want to analyze Swiss Franc/US Dollar CHFUSD or another symbol? Try our Free Forex Trend Analysis Report.