Forex Trend Analysis Report
Prepared for you on Monday, March 25, 2019.
Swiss Franc/Special Drawing Right (FOREX:CHFSDR)
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 CHFSDR
The long term trend has been DOWN since Nov 5th, 2018 at 0.71736
The intermediate term trend has been UP since Mar 21st, 2019 at 0.71988
The short term trend has been UP since Mar 20th, 2019 at 0.71661
Smart Scan Analysis for CHFSDR
Based on a pre-defined weighted trend formula for chart analysis, CHFSDR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).