Forex Trend Analysis Report
Prepared for you on Wednesday, March 20, 2019.
Euro/Swiss Franc (FOREX:EURCHF)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 EURCHF
The long term trend has been DOWN since Jan 2nd, 2019 at 1.121800
The intermediate term trend has been DOWN since Mar 8th, 2019 at 1.131185
The short term trend has been DOWN since Mar 15th, 2019 at 1.134405
Smart Scan Analysis for EURCHF
Based on a pre-defined weighted trend formula for chart analysis, EURCHF scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).