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Forex Trend Analysis Report

Prepared for you on Tuesday, May 28, 2024.

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

Bear Market Rally (-75) - CHFCNH is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CHFCNH as it may be in the beginning of a reversal.

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
7.95825 7.95825 7.95825 7.95825 0.00000
Entry Signal

MarketClub’s Trade Triangles for CHFCNH

long term down The long-term trend has been DOWN since Mar 12th, 2024 at 8.1879

intermediate term up The intermediate-term trend has been UP since May 13th, 2024 at 7.9330

short term down The short-term trend has been DOWN since Feb 8th, 2024 at 8.3301

Smart Scan Analysis for CHFCNH

Based on our trend formula, CHFCNH is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for CHFCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.95825 7.95825 7.95825 7.95825 0.00000
Prev. Close Volume Bid Ask Time
7.93245 2024-05-22 17:23:44
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