Free Daily Analysis

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.

FOREX_CHFCAD
Open High Low CHFCAD Price Change
1.3627150 1.3723830 1.3608455 1.3699450 +0.0072300
Entry Signal

MarketClub’s Trade Triangles for CHFCAD

long term down The long-term trend has been DOWN since Nov 9th, 2020 at 1.4268300

intermediate term down The intermediate-term trend has been DOWN since Jan 7th, 2021 at 1.4316260

short term down 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).

-90
Smart Scan Analysis for CHFCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3627150 1.3723830 1.3608455 1.3699450 +0.0072300
Prev. Close Volume Bid Ask Time
1.3627150 2021-03-05 08:44:24
Get a free daily analysis and signals for Swiss Franc/Canadian Dollar (CHFCAD) - Request Your Free Report.