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Forex Trend Analysis Report
Prepared for you on Tuesday, December 3, 2024.
Swiss Franc/Chinese Yuan Renminbi Offshore (FOREX:CHFCNH)
Sidelines Mode (-55) - CHFCNH is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for CHFCNH
The long-term trend has been DOWN since Nov 1st, 2024 at 8.204476
The intermediate-term trend has been UP since Dec 1st, 2024 at 8.238815
The short-term trend has been DOWN since Dec 2nd, 2024 at 8.200147
Smart Scan Analysis for CHFCNH
Based on our trend formula, CHFCNH is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.218872 | 8.220513 | 8.213747 | 8.215678 | -0.003194 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.218872 | 2024-12-03 01:14:07 |