Forex Trend Analysis Report
Prepared for you on Monday, May 1, 2017.
US Dollar/Swiss Franc (FOREX:USDCHF)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 USDCHF
The long term trend has been DOWN since Mar 27th, 2017 at 0.986250
The intermediate term trend has been DOWN since Apr 23rd, 2017 at 0.994255
The short term trend has been UP since Apr 30th, 2017 at 0.996490
Smart Scan Analysis for USDCHF
Based on a pre-defined weighted trend formula for chart analysis, USDCHF scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).