Forex Trend Analysis Report
Prepared for you on Sunday, February 16, 2020.
Swiss Franc/Chinese Yuan Renminbi Offshore (FOREX:CHFCNH)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 CHFCNH
The long term trend has been UP since Feb 4th, 2020 at 7.2110
The intermediate term trend has been UP since Jan 27th, 2020 at 7.1715
The short term trend has been DOWN since Feb 5th, 2020 at 7.2010
Smart Scan Analysis for CHFCNH
Based on a pre-defined weighted trend formula for chart analysis, CHFCNH scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).