Forex Trend Analysis Report
Prepared for you on Wednesday, June 26, 2019.
Australian Dollar/Swiss Franc (FOREX:AUDCHF)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 AUDCHF
The long term trend has been DOWN since May 13th, 2019 at 0.702300
The intermediate term trend has been DOWN since May 5th, 2019 at 0.712155
The short term trend has been UP since Jun 26th, 2019 at 0.681400
Smart Scan Analysis for AUDCHF
Based on a pre-defined weighted trend formula for chart analysis, AUDCHF scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).