Forex Trend Analysis Report
Prepared for you on Wednesday, May 22, 2019.
Special Drawing Right/Swiss Franc (FOREX:SDRCHF)
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 SDRCHF
The long term trend has been UP since Nov 5th, 2018 at 1.394
The intermediate term trend has been DOWN since May 13th, 2019 at 1.409
The short term trend has been DOWN since May 13th, 2019 at 1.409
Smart Scan Analysis for SDRCHF
Based on a pre-defined weighted trend formula for chart analysis, SDRCHF scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).