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Forex Trend Analysis Report

Prepared for you on Monday, December 9, 2019.

Canadian Dollar/Swiss Franc (FOREX:CADCHF)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_CADCHF
Open High Low CADCHF Price Change
0.746915 0.747900 0.745925 0.747040 +0.000125
Entry Signal

MarketClub’s Trade Triangles for CADCHF

long term up The long term trend has been UP since Oct 25th, 2019 at 0.760900

intermediate term down The intermediate term trend has been DOWN since Nov 3rd, 2019 at 0.748500

short term down The short term trend has been DOWN since Dec 2nd, 2019 at 0.751035

Smart Scan Analysis for CADCHF

Based on a pre-defined weighted trend formula for chart analysis, CADCHF scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for CADCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.746915 0.747900 0.745925 0.747040 +0.000125
Prev. Close Volume Bid Ask Time
0.746915 0.746950 0.747130 2019-12-09 14:57:41
Want to analyze Canadian Dollar/Swiss Franc CADCHF or another symbol? Try our Free Forex Trend Analysis Report.