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.
MarketClub’s Trade Triangles for CHFUSD
The long term trend has been DOWN since May 1st, 2018 at 1.00795
The intermediate term trend has been DOWN since Jun 18th, 2018 at 1.00110
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).