Forex Trend Analysis Report
Prepared for you on Sunday, December 8, 2019.
Swiss Franc/Euro (FOREX:CHFEUR)
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 CHFEUR
The long term trend has been UP since Jan 2nd, 2019 at 0.8915100
The intermediate term trend has been DOWN since Dec 1st, 2019 at 0.9072353
The short term trend has been UP since Dec 2nd, 2019 at 0.9098768
Smart Scan Analysis for CHFEUR
Based on a pre-defined weighted trend formula for chart analysis, CHFEUR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).