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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

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

Long-Term Downtrend (-90) - CHFCNH is in a strong downtrend that is likely to continue. While CHFCNH is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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.

FOREX_CHFCNH
Open High Low CHFCNH Price Change
8.121688 8.126629 8.106692 8.120054 -0.001634
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 down The intermediate-term trend has been DOWN since Dec 24th, 2024 at 8.113604

short term down The short-term trend has been DOWN since Dec 25th, 2024 at 8.104251

Smart Scan Analysis for CHFCNH

Based on our trend formula, CHFCNH is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CHFCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.121688 8.126629 8.106692 8.120054 -0.001634
Prev. Close Volume Bid Ask Time
8.121688 2024-12-26 14:28:43
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