Forex Trend Analysis Report
Prepared for you on Saturday, October 20, 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 Aug 27th, 2018 at 0.979250
The intermediate term trend has been UP since Sep 27th, 2018 at 0.976545
The short term trend has been UP since Oct 17th, 2018 at 0.992040
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).