Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Canadian Dollar/Swiss Franc (FOREX:CADCHF)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 CADCHF
The long term trend has been DOWN since Jan 22nd, 2020 at 0.738200
The intermediate term trend has been UP since Feb 16th, 2020 at 0.741325
The short term trend has been UP since Feb 5th, 2020 at 0.731450
Smart Scan Analysis for CADCHF
Based on a pre-defined weighted trend formula for chart analysis, CADCHF scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).