Forex Trend Analysis Report
Prepared for you on Thursday, August 22, 2019.
Swiss Franc/Czech Koruna (FOREX:CHFCZK)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 CHFCZK
The long term trend has been UP since Jun 2nd, 2019 at 23.1301
The intermediate term trend has been UP since Jul 16th, 2019 at 23.1169
The short term trend has been DOWN since Aug 21st, 2019 at 23.6761
Smart Scan Analysis for CHFCZK
Based on a pre-defined weighted trend formula for chart analysis, CHFCZK scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).