Forex Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
Swiss Franc/Canadian Dollar (FOREX:CHFCAD)
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 CHFCAD
The long term trend has been DOWN since Oct 25th, 2019 at 1.3142350
The intermediate term trend has been UP since Nov 12th, 2019 at 1.3359185
The short term trend has been UP since Dec 2nd, 2019 at 1.3312000
Smart Scan Analysis for CHFCAD
Based on a pre-defined weighted trend formula for chart analysis, CHFCAD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).