Forex Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
Canadian Dollar/Swiss Franc (FOREX:CADCHF)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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.
MarketClub’s Trade Triangles for CADCHF
The long term trend has been DOWN since Dec 20th, 2018 at 0.73175
The intermediate term trend has been UP since Jun 30th, 2019 at 0.74920
The short term trend has been DOWN since Jul 18th, 2019 at 0.75306
Smart Scan Analysis for CADCHF
Based on a pre-defined weighted trend formula for chart analysis, CADCHF scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).