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Forex Trend Analysis Report

Prepared for you on Sunday, June 16, 2024.

Swiss Franc/Canadian Dollar (FOREX:CHFCAD)

Long-Term Uptrend (+90) - CHFCAD is in a strong uptrend that is likely to continue. While CHFCAD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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.

FOREX_CHFCAD
Open High Low CHFCAD Price Change
1.5417518 1.5417518 1.5415902 1.5415902 -0.0001620
Entry Signal

MarketClub’s Trade Triangles for CHFCAD

long term up The long-term trend has been UP since Jun 14th, 2024 at 1.540400

intermediate term up The intermediate-term trend has been UP since May 30th, 2024 at 1.515310

short term up The short-term trend has been UP since May 29th, 2024 at 1.499395

Smart Scan Analysis for CHFCAD

Based on our trend formula, CHFCAD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for CHFCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5417518 1.5417518 1.5415902 1.5415902 -0.0001620
Prev. Close Volume Bid Ask Time
1.5417518 2024-06-16 10:29:01
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