Forex Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
Swiss Franc/ (FOREX:CHFRSD)
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 CHFRSD
The long term trend has been UP since Jun 3rd, 2019 at 105.67
The intermediate term trend has been UP since May 13th, 2019 at 103.92
The short term trend has been DOWN since Jul 17th, 2019 at 105.99
Smart Scan Analysis for CHFRSD
Based on a pre-defined weighted trend formula for chart analysis, CHFRSD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).