Forex Trend Analysis Report
Prepared for you on Sunday, February 16, 2020.
Swiss Franc/Khazanah Sukuk (FOREX:CHFLFX)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 CHFLFX
The long term trend has been UP since Jan 7th, 2020 at 2.0798
The intermediate term trend has been DOWN since Feb 14th, 2020 at 2.0858
The short term trend has been DOWN since Feb 5th, 2020 at 2.0996
Smart Scan Analysis for CHFLFX
Based on a pre-defined weighted trend formula for chart analysis, CHFLFX scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).