Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
Swiss Franc/Canadian Dollar (FOREX:CHFCAD)
Long-Term Downtrend (-90) - CHFCAD is in a strong downtrend that is likely to continue. While CHFCAD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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 Nov 9th, 2020 at 1.4268300
The intermediate-term trend has been DOWN since Jan 7th, 2021 at 1.4316260
The short-term trend has been DOWN since Mar 2nd, 2021 at 1.3812656
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).