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Forex Trend Analysis Report

Prepared for you on Monday, December 9, 2019.

Swiss Franc/Canadian Dollar (FOREX:CHFCAD)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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.

Open High Low CHFCAD Price Change
1.339015 1.340315 1.337250 1.338455 -0.000560
Entry Signal

MarketClub’s Trade Triangles for CHFCAD

long term down The long term trend has been DOWN since Oct 25th, 2019 at 1.3142350

intermediate term up The intermediate term trend has been UP since Nov 12th, 2019 at 1.3359185

short term up The short term trend has been UP since Dec 2nd, 2019 at 1.3312000

Smart Scan Analysis for CHFCAD

Based on a pre-defined weighted trend formula for chart analysis, CHFCAD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for CHFCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.339015 1.340315 1.337250 1.338455 -0.000560
Prev. Close Volume Bid Ask Time
1.339015 1.338300 1.338610 2019-12-09 13:06:47
Want to analyze Swiss Franc/Canadian Dollar CHFCAD or another symbol? Try our Free Forex Trend Analysis Report.