Forex Trend Analysis Report
Prepared for you on Monday, May 21, 2018.
New Zealand Dollar/Swiss Franc (FOREX:NZDCHF)
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 NZDCHF
The long term trend has been UP since Jan 9th, 2018 at 0.703145
The intermediate term trend has been DOWN since May 10th, 2018 at 0.693300
The short term trend has been DOWN since May 8th, 2018 at 0.699400
Smart Scan Analysis for NZDCHF
Based on a pre-defined weighted trend formula for chart analysis, NZDCHF scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).