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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Swiss Franc/Chinese Yuan Renminbi Offshore (FOREX:CHFCNH)
Long-Term Downtrend (-90) - CHFCNH is in a strong downtrend that is likely to continue. While CHFCNH is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CHFCNH?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFCNH.
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 CHFCNH
The long-term trend has been DOWN since Nov 1st, 2024 at 8.204476
The intermediate-term trend has been DOWN since Dec 24th, 2024 at 8.113604
The short-term trend has been DOWN since Dec 25th, 2024 at 8.104251
Smart Scan Analysis for CHFCNH
Based on our trend formula, CHFCNH is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.121688 | 8.126629 | 8.106692 | 8.120054 | -0.001634 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.121688 | 2024-12-26 14:28:43 |