Analyze Symbol
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.
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MarketClub’s Trade Triangles for CADCHF
The long term trend has been UP since Oct 25th, 2019 at 0.760900
The intermediate term trend has been DOWN since Nov 3rd, 2019 at 0.748500
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).
| 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 |