Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
Swiss Franc/Canadian Dollar (FOREX:CHFCAD)
Long-Term Uptrend (+90) - CHFCAD is in a strong uptrend that is likely to continue. While CHFCAD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Aug 10th, 2022 at 1.3590885
The intermediate-term trend has been UP since Aug 1st, 2022 at 1.3486200
The short-term trend has been UP since Aug 9th, 2022 at 1.3510640
Smart Scan Analysis for CHFCAD
Based on our trend formula, CHFCAD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).