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Forex Trend Analysis Report

Prepared for you on Wednesday, June 29, 2022.

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

Countertrend Up (+85) - CHFCNH is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
6.97550 6.99825 6.97550 6.99825 +0.02275
Entry Signal

MarketClub’s Trade Triangles for CHFCNH

long term up The long-term trend has been UP since May 24th, 2022 at 6.92380

intermediate term up The intermediate-term trend has been UP since Jun 27th, 2022 at 6.98160

short term up The short-term trend has been UP since Jun 23rd, 2022 at 6.89115

Smart Scan Analysis for CHFCNH

Based on our trend formula, CHFCNH is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for CHFCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.97550 6.99825 6.97550 6.99825 +0.02275
Prev. Close Volume Bid Ask Time
6.97550 2022-06-27 16:27:11
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