Forex Trend Analysis Report
Prepared for you on Tuesday, May 21, 2019.
Swiss Franc/Special Drawing Right (FOREX:CHFSDR)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 May 13th, 2019 at 0.70970
The short term trend has been UP since May 13th, 2019 at 0.70970
Smart Scan Analysis for CHFSDR
Based on a pre-defined weighted trend formula for chart analysis, CHFSDR scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).