Forex Trend Analysis Report
Prepared for you on Sunday, January 20, 2019.
New Zealand Dollar/Swiss Franc (FOREX:NZDCHF)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 NZDCHF
The long term trend has been UP since Nov 6th, 2018 at 0.675175
The intermediate term trend has been DOWN since Jan 2nd, 2019 at 0.656375
The short term trend has been DOWN since Jan 16th, 2019 at 0.668265
Smart Scan Analysis for NZDCHF
Based on a pre-defined weighted trend formula for chart analysis, NZDCHF scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).