Forex Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
Czech Koruna/Swiss Franc (FOREX:CZKCHF)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 CZKCHF
The long term trend has been DOWN since May 23rd, 2018 at 0.045100
The intermediate term trend has been UP since Sep 19th, 2018 at 0.044547
The short term trend has been UP since Oct 22nd, 2018 at 0.044420
Smart Scan Analysis for CZKCHF
Based on a pre-defined weighted trend formula for chart analysis, CZKCHF scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).