Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Swiss Franc/Czech Koruna (FOREX:CHFCZK)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 CHFCZK
The long term trend has been UP since Jun 2nd, 2019 at 23.1301
The intermediate term trend has been UP since Dec 19th, 2019 at 23.4035
The short term trend has been DOWN since Jan 20th, 2020 at 23.3825
Smart Scan Analysis for CHFCZK
Based on a pre-defined weighted trend formula for chart analysis, CHFCZK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).