Forex Trend Analysis Report
Prepared for you on Thursday, October 17, 2019.
Swiss Franc/ (FOREX:CHFRSD)
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 CHFRSD
The long term trend has been UP since Jun 3rd, 2019 at 105.67000
The intermediate term trend has been DOWN since Sep 6th, 2019 at 107.69500
The short term trend has been DOWN since Oct 17th, 2019 at 106.50302
Smart Scan Analysis for CHFRSD
Based on a pre-defined weighted trend formula for chart analysis, CHFRSD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).