Forex Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
New Zealand Dollar/Swiss Franc (FOREX:NZDCHF)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 NZDCHF
The long term trend has been UP since Dec 1st, 2019 at 0.644055
The intermediate term trend has been DOWN since Dec 25th, 2019 at 0.641200
The short term trend has been DOWN since Jan 14th, 2020 at 0.642300
Smart Scan Analysis for NZDCHF
Based on a pre-defined weighted trend formula for chart analysis, NZDCHF scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).