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Forex Trend Analysis Report

Prepared for you on Friday, August 23, 2019.

US Dollar/Swiss Franc (FOREX:USDCHF)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines 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.

FOREX_USDCHF
Open High Low USDCHF Price Change
0.984900 0.985500 0.984685 0.985315 +0.000415
Entry Signal

MarketClub’s Trade Triangles for USDCHF

long term down The long term trend has been DOWN since Jun 5th, 2019 at 0.989675

intermediate term down The intermediate term trend has been DOWN since Aug 4th, 2019 at 0.980435

short term up The short term trend has been UP since Aug 14th, 2019 at 0.976925

Smart Scan Analysis for USDCHF

Based on a pre-defined weighted trend formula for chart analysis, USDCHF scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for USDCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.984900 0.985500 0.984685 0.985315 +0.000415
Prev. Close Volume Bid Ask Time
0.984900 0.985290 0.985340 2019-08-23 01:39:35
Want to analyze US Dollar/Swiss Franc USDCHF or another symbol? Try our Free Forex Trend Analysis Report.