Forex Trend Analysis Report
Prepared for you on Sunday, September 24, 2023.
Swiss Franc/Canadian Dollar (FOREX:CHFCAD)
Weak Downtrend (-65) - CHFCAD is showing signs of a strengthening downtrend. Monitor CHFCAD as it may be building momentum to the downside.
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 DOWN since Sep 6th, 2023 at 1.5265100
The short-term trend has been DOWN since Sep 6th, 2023 at 1.5298655
Smart Scan Analysis for CHFCAD
Based on our trend formula, CHFCAD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).