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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.

FOREX_CHFCAD
Open High Low CHFCAD Price Change
1.5859150 1.5879850 1.5804909 1.5841550 -0.0017600
Entry Signal

MarketClub’s Trade Triangles for CHFCAD

long term down The long-term trend has been DOWN since Nov 22nd, 2024 at 1.5696950

intermediate term down The intermediate-term trend has been DOWN since Nov 6th, 2024 at 1.5867198

short term down 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).

-80
Smart Scan Analysis for CHFCAD
Strong Downtrend Sideways 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
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