Forex Trend Analysis Report
Prepared for you on Sunday, June 16, 2019.
US Dollar/Swiss Franc (FOREX:USDCHF)
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 USDCHF
The long term trend has been DOWN since Jun 5th, 2019 at 0.989675
The intermediate term trend has been DOWN since May 12th, 2019 at 1.010180
The short term trend has been UP since Jun 12th, 2019 at 0.993600
Smart Scan Analysis for USDCHF
Based on a pre-defined weighted trend formula for chart analysis, USDCHF scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).