Forex Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
Swiss Franc/Canadian Dollar (FOREX:CHFCAD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management 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 Mar 1st, 2019 at 1.330210
The short term trend has been UP since Mar 15th, 2019 at 1.330142
Smart Scan Analysis for CHFCAD
Based on a pre-defined weighted trend formula for chart analysis, CHFCAD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).