Forex Trend Analysis Report
Prepared for you on Sunday, November 18, 2018.
Swiss Franc/Canadian Dollar (FOREX:CHFCAD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 CHFCAD
The long term trend has been DOWN since Oct 1st, 2018 at 1.302300
The intermediate term trend has been DOWN since Sep 27th, 2018 at 1.334310
The short term trend has been DOWN since Nov 15th, 2018 at 1.307125
Smart Scan Analysis for CHFCAD
Based on a pre-defined weighted trend formula for chart analysis, CHFCAD scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).