Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Swiss Franc/Chinese Yuan Renminbi Offshore (FOREX:CHFCNH)
Strong Uptrend (+100) - CHFCNH is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CHFCNH continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for CHFCNH
The long-term trend has been UP since Feb 4th, 2020 at 7.21100
The intermediate-term trend has been UP since May 1st, 2020 at 7.34030
The short-term trend has been UP since May 12th, 2020 at 7.29705
Smart Scan Analysis for CHFCNH
Based on our trend formula, CHFCNH is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).