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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Swiss Franc/Chinese Yuan Renminbi (FOREX:CHFCNY)
Weak Downtrend (-65) - CHFCNY is showing signs of a strengthening downtrend. Monitor CHFCNY as it may be building momentum to the downside.
Is it time to buy, sell, or avoid CHFCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFCNY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CHFCNY
The long-term trend has been DOWN since Mar 1st, 2024 at 8.014780
The intermediate-term trend has been DOWN since Jan 19th, 2024 at 8.172203
The short-term trend has been DOWN since May 8th, 2024 at 7.786575
Smart Scan Analysis for CHFCNY
Based on our trend formula, CHFCNY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
-70
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.821264 | 7.825169 | 7.793562 | 7.817622 | -0.003642 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.821264 | 2024-05-09 13:51:08 |
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