Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
Swiss Franc/US Dollar (FOREX:CHFUSD)
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 CHFUSD
The long term trend has been UP since Jan 7th, 2019 at 1.021250
The intermediate term trend has been DOWN since Jan 30th, 2019 at 1.001250
The short term trend has been UP since Feb 15th, 2019 at 0.996025
Smart Scan Analysis for CHFUSD
Based on a pre-defined weighted trend formula for chart analysis, CHFUSD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).