Forex Trend Analysis Report
Prepared for you on Friday, February 15, 2019.
British Pound/Swiss Franc (FOREX:GBPCHF)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 GBPCHF
The long term trend has been DOWN since Dec 10th, 2018 at 1.24658
The intermediate term trend has been UP since Jan 11th, 2019 at 1.26320
The short term trend has been DOWN since Feb 14th, 2019 at 1.29070
Smart Scan Analysis for GBPCHF
Based on a pre-defined weighted trend formula for chart analysis, GBPCHF scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).