Forex Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
Swiss Franc/Canadian Dollar (FOREX:CHFCAD)
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 CHFCAD
The long term trend has been DOWN since Jan 1st, 2019 at 1.295524
The intermediate term trend has been DOWN since Jan 1st, 2019 at 1.339864
The short term trend has been UP since Jan 22nd, 2019 at 1.336465
Smart Scan Analysis for CHFCAD
Based on a pre-defined weighted trend formula for chart analysis, CHFCAD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).