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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Chinese Yuan Renminbi Offshore/Swiss Franc (FOREX:CNHCHF)
Sidelines Mode (+55) - CNHCHF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CNHCHF?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNHCHF.
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 CNHCHF
The long-term trend has been UP since Mar 1st, 2024 at 0.12293942
The intermediate-term trend has been UP since Jan 18th, 2024 at 0.12033595
The short-term trend has been DOWN since May 3rd, 2024 at 0.12560331
Smart Scan Analysis for CNHCHF
Based on our trend formula, CNHCHF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.12566337 | 0.12579973 | 0.12541952 | 0.12542871 | -0.00023500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.12566337 | 2024-05-09 15:14:32 |