Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Australian Dollar/Swiss Franc (FOREX:AUDCHF)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 AUDCHF
The long term trend has been DOWN since May 13th, 2019 at 0.7023
The intermediate term trend has been UP since Sep 2nd, 2019 at 0.6675
The short term trend has been UP since Sep 18th, 2019 at 0.6823
Smart Scan Analysis for AUDCHF
Based on a pre-defined weighted trend formula for chart analysis, AUDCHF scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).