Forex Trend Analysis Report
Prepared for you on Thursday, August 22, 2019.
Swiss Franc/Special Drawing Right (FOREX:CHFSDR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight 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 CHFSDR
The long term trend has been UP since Jun 4th, 2019 at 0.72415
The intermediate term trend has been UP since May 13th, 2019 at 0.70970
The short term trend has been DOWN since Aug 18th, 2019 at 0.74221
Smart Scan Analysis for CHFSDR
Based on a pre-defined weighted trend formula for chart analysis, CHFSDR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).