Forex Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
Swiss Franc/Canadian Dollar (FOREX:CHFCAD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 CHFCAD
The long term trend has been UP since Sep 3rd, 2018 at 1.350400
The intermediate term trend has been UP since Aug 22nd, 2018 at 1.326194
The short term trend has been DOWN since Sep 18th, 2018 at 1.345193
Smart Scan Analysis for CHFCAD
Based on a pre-defined weighted trend formula for chart analysis, CHFCAD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).