Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
Swiss Franc/US Dollar (FOREX:CHFUSD)
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 CHFUSD
The long term trend has been UP since Aug 27th, 2018 at 1.021300
The intermediate term trend has been DOWN since Sep 27th, 2018 at 1.023850
The short term trend has been DOWN since Oct 17th, 2018 at 1.007975
Smart Scan Analysis for CHFUSD
Based on a pre-defined weighted trend formula for chart analysis, CHFUSD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).