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Forex Trend Analysis Report

Prepared for you on Tuesday, December 3, 2024.

Swiss Franc/Chinese Yuan Renminbi Offshore (FOREX:CHFCNH)

Sidelines Mode (-55) - CHFCNH 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 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.

FOREX_CHFCNH
Open High Low CHFCNH Price Change
8.218872 8.220513 8.213747 8.215678 -0.003194
Entry Signal

MarketClub’s Trade Triangles for CHFCNH

long term down The long-term trend has been DOWN since Nov 1st, 2024 at 8.204476

intermediate term up The intermediate-term trend has been UP since Dec 1st, 2024 at 8.238815

short term down The short-term trend has been DOWN since Dec 2nd, 2024 at 8.200147

Smart Scan Analysis for CHFCNH

Based on our trend formula, CHFCNH is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for CHFCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.218872 8.220513 8.213747 8.215678 -0.003194
Prev. Close Volume Bid Ask Time
8.218872 2024-12-03 01:14:07
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