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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Swiss Franc/Chinese Yuan Renminbi Offshore (FOREX:CHFCNH)
Countertrend Down (-85) - CHFCNH is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 Sep 19th, 2024 at 8.322721
The short-term trend has been UP since Nov 18th, 2024 at 8.176989
Smart Scan Analysis for CHFCNH
Based on our trend formula, CHFCNH is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.198811 | 8.199383 | 8.187094 | 8.188015 | -0.010796 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.198811 | 2024-11-20 03:18:42 |