There is a great chance for a bearish trend to be taking place today on the CADCHF chart and that is according to the price which is currently located on a lower level than the EMA 15 line.
According to the power momentum indicator a high power of the bearish trend is shown and also it can be used as a filter for the entering the sell positions.
For more confirmation we can use the power line indicator which is currently below the 50 level giving us a good downward direction signal as a result.
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