Forex Trend Analysis Report
Prepared for you on Monday, December 9, 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 UP since Nov 5th, 2019 at 0.6843000
The intermediate term trend has been DOWN since Nov 13th, 2019 at 0.6756027
The short term trend has been DOWN since Dec 3rd, 2019 at 0.6751000
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).