Forex Trend Analysis Report
Prepared for you on Sunday, December 8, 2019.
US Dollar/Swiss Franc (FOREX:USDCHF)
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 USDCHF
The long term trend has been UP since Oct 1st, 2019 at 0.9984500
The intermediate term trend has been DOWN since Dec 3rd, 2019 at 0.9868697
The short term trend has been DOWN since Dec 2nd, 2019 at 0.9979000
Smart Scan Analysis for USDCHF
Based on a pre-defined weighted trend formula for chart analysis, USDCHF scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).