Free Daily Analysis

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.

FOREX_CHFCNH
Open High Low CHFCNH Price Change
6.972 6.972 6.972 6.972 0.000
Entry Signal

MarketClub’s Trade Triangles for CHFCNH

long term down The long-term trend has been DOWN since Feb 8th, 2021 at 7.1850

intermediate term down The intermediate-term trend has been DOWN since Sep 13th, 2021 at 7.0828

short term up 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).

-75
Smart Scan Analysis for CHFCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.972 6.972 6.972 6.972 0.000
Prev. Close Volume Bid Ask Time
6.972 2021-10-15 18:29:28
Get a free daily analysis and signals for Swiss Franc/Chinese Yuan Renminbi Offshore (CHFCNH) - Request Your Free Report.