Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
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.
MarketClub’s Trade Triangles for CHFCNH
The long-term trend has been DOWN since Feb 8th, 2021 at 7.1850
The intermediate-term trend has been DOWN since Sep 13th, 2021 at 7.0828
The short-term trend has been UP since Oct 8th, 2021 at 6.9573
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).