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.
MarketClub’s Trade Triangles for USDCHF
The long term trend has been DOWN since Dec 17th, 2019 at 0.9798000
The intermediate term trend has been DOWN since Dec 3rd, 2019 at 0.9868697
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).