Forex Trend Analysis Report
Prepared for you on Thursday, February 23, 2017.
Swiss Franc/ (FOREX:CHFUZS)
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 CHFUZS
The long term trend has been UP since Jan 8th, 2016 at 2797.40
The intermediate term trend has been DOWN since Feb 22nd, 2017 at 3250.45
The short term trend has been DOWN since Feb 21st, 2017 at 3291.80
Smart Scan Analysis for CHFUZS
Based on a pre-defined weighted trend formula for chart analysis, CHFUZS scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).