Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
Canadian Dollar/Swiss Franc (FOREX:CADCHF)
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.
MarketClub’s Trade Triangles for CADCHF
The long term trend has been UP since Oct 1st, 2018 at 0.767800
The intermediate term trend has been DOWN since Nov 19th, 2018 at 0.758945
The short term trend has been UP since Dec 12th, 2018 at 0.744400
Smart Scan Analysis for CADCHF
Based on a pre-defined weighted trend formula for chart analysis, CADCHF scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).