Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Swiss Franc/Canadian Dollar (FOREX:CHFCAD)
Sidelines Mode (+55) - CHFCAD 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 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.
MarketClub’s Trade Triangles for CHFCAD
The long-term trend has been UP since Jan 14th, 2020 at 1.350060
The intermediate-term trend has been DOWN since May 8th, 2020 at 1.421985
The short-term trend has been UP since May 22nd, 2020 at 1.443405
Smart Scan Analysis for CHFCAD
Based on our trend formula, CHFCAD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).