Forex Trend Analysis Report
Prepared for you on Friday, October 20, 2017.
US Dollar/Swiss Franc (FOREX:USDCHF)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 UP since Sep 27th, 2017 at 0.976895
The intermediate term trend has been UP since Sep 20th, 2017 at 0.969550
The short term trend has been UP since Oct 17th, 2017 at 0.976955
Smart Scan Analysis for USDCHF
Based on a pre-defined weighted trend formula for chart analysis, USDCHF scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).