Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
Special Drawing Right/Swiss Franc (FOREX:SDRCHF)
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 SDRCHF
The long term trend has been DOWN since Dec 30th, 2019 at 1.3449000
The intermediate term trend has been DOWN since Dec 3rd, 2019 at 1.3575443
The short term trend has been UP since Jan 8th, 2020 at 1.3424527
Smart Scan Analysis for SDRCHF
Based on a pre-defined weighted trend formula for chart analysis, SDRCHF scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).