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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Swiss Franc/Canadian Dollar (FOREX:CHFCAD)
Crossroads (-60) - CHFCAD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for CHFCAD
The long-term trend has been UP since Jun 14th, 2024 at 1.5404000
The intermediate-term trend has been DOWN since Nov 6th, 2024 at 1.5867198
The short-term trend has been DOWN since Nov 19th, 2024 at 1.5800032
Smart Scan Analysis for CHFCAD
Based on our trend formula, CHFCAD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.579885 | 1.580446 | 1.577685 | 1.579875 | -0.000010 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.579885 | 2024-11-20 03:40:24 |