Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
Swiss Franc/Canadian Dollar (FOREX:CHFCAD)
Bear Market Rally (-75) - CHFCAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CHFCAD as it may be in the beginning of a reversal.
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 Nov 9th, 2020 at 1.42683
The intermediate-term trend has been DOWN since Nov 9th, 2020 at 1.43440
The short-term trend has been UP since Nov 23rd, 2020 at 1.43786
Smart Scan Analysis for CHFCAD
Based on our trend formula, CHFCAD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).