Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Canadian Dollar/Swiss Franc (FOREX:CADCHF)
Sidelines Mode (+55) - CADCHF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CADCHF?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADCHF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CADCHF
The long-term trend has been DOWN since Jul 19th, 2021 at 0.72565
The intermediate-term trend has been UP since Sep 27th, 2021 at 0.73370
The short-term trend has been DOWN since Oct 21st, 2021 at 0.74335
Smart Scan Analysis for CADCHF
Based on our trend formula, CADCHF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).