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Forex Trend Analysis Report

Prepared for you on Saturday, May 25, 2024.

Swiss Franc/Canadian Dollar (FOREX:CHFCAD)

Countertrend Down (-85) - CHFCAD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
1.4939298 1.4941313 1.4939298 1.4939298 0.0000000
Entry Signal

MarketClub’s Trade Triangles for CHFCAD

long term down The long-term trend has been DOWN since Apr 2nd, 2024 at 1.4943550

intermediate term down The intermediate-term trend has been DOWN since May 22nd, 2024 at 1.4930786

short term up The short-term trend has been UP since May 23rd, 2024 at 1.5017650

Smart Scan Analysis for CHFCAD

Based on our trend formula, CHFCAD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for CHFCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.4939298 1.4941313 1.4939298 1.4939298 0.0000000
Prev. Close Volume Bid Ask Time
1.4939298 2024-05-25 19:09:56
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