Forex Trend Analysis Report
Prepared for you on Tuesday, February 19, 2019.
Swiss Franc/Special Drawing Right (FOREX:CHFSDR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 DOWN since Nov 5th, 2018 at 0.71736
The intermediate term trend has been DOWN since Jan 20th, 2019 at 0.72516
The short term trend has been UP since Feb 18th, 2019 at 0.71717
Smart Scan Analysis for CHFSDR
Based on a pre-defined weighted trend formula for chart analysis, CHFSDR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).