Forex Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
Swiss Franc/Euro (FOREX:CHFEUR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 CHFEUR
The long term trend has been UP since Jan 2nd, 2019 at 0.891510
The intermediate term trend has been UP since May 13th, 2019 at 0.881370
The short term trend has been DOWN since Aug 19th, 2019 at 0.919218
Smart Scan Analysis for CHFEUR
Based on a pre-defined weighted trend formula for chart analysis, CHFEUR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).