Forex Trend Analysis Report
Prepared for you on Thursday, September 20, 2018.
Euro/Swiss Franc (FOREX:EURCHF)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 EURCHF
The long term trend has been DOWN since May 29th, 2018 at 1.145285
The intermediate term trend has been DOWN since Jul 30th, 2018 at 1.156935
The short term trend has been UP since Sep 19th, 2018 at 1.126205
Smart Scan Analysis for EURCHF
Based on a pre-defined weighted trend formula for chart analysis, EURCHF scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).