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Forex Trend Analysis Report
Prepared for you on Wednesday, June 29, 2022.
Swiss Franc/Chinese Yuan Renminbi Offshore (FOREX:CHFCNH)
Countertrend Up (+85) - CHFCNH is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since May 24th, 2022 at 6.92380
The intermediate-term trend has been UP since Jun 27th, 2022 at 6.98160
The short-term trend has been UP since Jun 23rd, 2022 at 6.89115
Smart Scan Analysis for CHFCNH
Based on our trend formula, CHFCNH is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 6.97550 | 6.99825 | 6.97550 | 6.99825 | +0.02275 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6.97550 | 2022-06-27 16:27:11 |