Forex Trend Analysis Report
Prepared for you on Wednesday, March 21, 2018.
US Dollar/Swiss Franc (FOREX:USDCHF)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 Jan 12th, 2018 at 0.96805
The intermediate term trend has been UP since Mar 1st, 2018 at 0.94683
The short term trend has been UP since Mar 15th, 2018 at 0.95110
Smart Scan Analysis for USDCHF
Based on a pre-defined weighted trend formula for chart analysis, USDCHF scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).