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Forex Trend Analysis Report

Prepared for you on Tuesday, November 24, 2020.

Swiss Franc/Canadian Dollar (FOREX:CHFCAD)

Bear Market Rally (-75) - CHFCAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CHFCAD as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid CHFCAD?

MarketClub looks at technical strength and momentum to determine if the timing is right for CHFCAD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CHFCAD
Open High Low CHFCAD Price Change
1.4305375 1.4342035 1.4257380 1.4267700 -0.0037670
Entry Signal

MarketClub’s Trade Triangles for CHFCAD

long term down The long-term trend has been DOWN since Nov 9th, 2020 at 1.42683

intermediate term down The intermediate-term trend has been DOWN since Nov 9th, 2020 at 1.43440

short term up The short-term trend has been UP since Nov 23rd, 2020 at 1.43786

Smart Scan Analysis for CHFCAD

Based on our trend formula, CHFCAD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for CHFCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.4305375 1.4342035 1.4257380 1.4267700 -0.0037670
Prev. Close Volume Bid Ask Time
1.4305375 2020-11-24 20:58:54
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