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Forex Trend Analysis Report
Prepared for you on Monday, December 2, 2024.
Swiss Franc/Canadian Dollar (FOREX:CHFCAD)
Bear Market Rally (-75) - CHFCAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CHFCAD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid CHFCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CHFCAD
The long-term trend has been DOWN since Nov 22nd, 2024 at 1.5696950
The intermediate-term trend has been DOWN since Nov 6th, 2024 at 1.5867198
The short-term trend has been DOWN since Dec 2nd, 2024 at 1.5828927
Smart Scan Analysis for CHFCAD
Based on our trend formula, CHFCAD is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.5859150 | 1.5879850 | 1.5804909 | 1.5841550 | -0.0017600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.5859150 | 2024-12-02 17:17:03 |