Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Swiss Franc/Special Drawing Right (FOREX:CHFSDR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 CHFSDR
The long term trend has been UP since Dec 30th, 2019 at 0.7435700
The intermediate term trend has been UP since Dec 3rd, 2019 at 0.7366242
The short term trend has been DOWN since Jan 8th, 2020 at 0.7449052
Smart Scan Analysis for CHFSDR
Based on a pre-defined weighted trend formula for chart analysis, CHFSDR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).