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Forex Trend Analysis Report

Prepared for you on Thursday, January 23, 2020.

US Dollar/Swiss Franc (FOREX:USDCHF)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.

FOREX_USDCHF
Open High Low USDCHF Price Change
0.96830 0.96940 0.96690 0.96769 -0.00061
Entry Signal

MarketClub’s Trade Triangles for USDCHF

long term down The long term trend has been DOWN since Dec 17th, 2019 at 0.9798000

intermediate term down The intermediate term trend has been DOWN since Dec 3rd, 2019 at 0.9868697

short term up The short term trend has been UP since Jan 20th, 2020 at 0.9694700

Smart Scan Analysis for USDCHF

Based on a pre-defined weighted trend formula for chart analysis, USDCHF scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for USDCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.96830 0.96940 0.96690 0.96769 -0.00061
Prev. Close Volume Bid Ask Time
0.96830 0.96767 0.96771 2020-01-23 10:08:57
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