Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
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 Jan 22nd, 2020 at 0.7382
The intermediate-term trend has been UP since May 26th, 2020 at 0.7010
The short-term trend has been DOWN since May 29th, 2020 at 0.6955
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).