Forex Trend Analysis Report
Prepared for you on Friday, May 24, 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.
MarketClub’s Trade Triangles for CHFCAD
The long term trend has been DOWN since Jan 1st, 2019 at 1.295524
The intermediate term trend has been UP since May 13th, 2019 at 1.332659
The short term trend has been UP since May 23rd, 2019 at 1.334015
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).