Forex Trend Analysis Report
Prepared for you on Monday, April 12, 2021.
Swiss Franc/Canadian Dollar (FOREX:CHFCAD)
Bull Market Weakness (+75) - CHFCAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CHFCAD as it may be in the beginning stages 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.
MarketClub’s Trade Triangles for CHFCAD
The long-term trend has been DOWN since Nov 9th, 2020 at 1.4268300
The intermediate-term trend has been UP since Apr 7th, 2021 at 1.3581550
The short-term trend has been UP since Apr 5th, 2021 at 1.3360085
Smart Scan Analysis for CHFCAD
Based on our trend formula, CHFCAD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).