Forex Trend Analysis Report
Prepared for you on Sunday, October 1, 2023.
Canadian Dollar/Swiss Franc (FOREX:CADCHF)
Sidelines Mode (-55) - CADCHF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CADCHF?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADCHF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CADCHF
The long-term trend has been DOWN since Aug 10th, 2022 at 0.735750
The intermediate-term trend has been UP since Sep 6th, 2023 at 0.655075
The short-term trend has been DOWN since Sep 29th, 2023 at 0.675380
Smart Scan Analysis for CADCHF
Based on our trend formula, CADCHF is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).