Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
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.
MarketClub’s Trade Triangles for CHFCAD
The long-term trend has been DOWN since Oct 15th, 2021 at 1.336347
The intermediate-term trend has been DOWN since Sep 27th, 2021 at 1.362965
The short-term trend has been UP since Oct 21st, 2021 at 1.345246
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).