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Forex Trend Analysis Report

Prepared for you on Monday, July 16, 2018.

Swiss Franc/Canadian Dollar (FOREX:CHFCAD)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_CHFCAD
Open High Low CHFCAD Price Change
1.313400 1.319168 1.312775 1.318050 +0.004650
Entry Signal

MarketClub’s Trade Triangles for CHFCAD

long term down The long term trend has been DOWN since May 1st, 2018 at 1.292745

intermediate term down The intermediate term trend has been DOWN since Jul 11th, 2018 at 1.319300

short term down The short term trend has been DOWN since Jul 11th, 2018 at 1.319395

Smart Scan Analysis for CHFCAD

Based on a pre-defined weighted trend formula for chart analysis, CHFCAD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for CHFCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.313400 1.319168 1.312775 1.318050 +0.004650
Prev. Close Volume Bid Ask Time
1.313400 1.317870 1.318230 2018-07-16 17:46:36
Want to analyze Swiss Franc/Canadian Dollar CHFCAD or another symbol? Try our Free Forex Trend Analysis Report.