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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Swiss Franc/Chinese Yuan Renminbi (FOREX:CHFCNY)
Strong Uptrend (+100) - CHFCNY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CHFCNY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid CHFCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFCNY.
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 CHFCNY
The long-term trend has been UP since Jun 7th, 2024 at 8.112021
The intermediate-term trend has been UP since Jul 17th, 2024 at 8.144570
The short-term trend has been UP since Jul 24th, 2024 at 8.197488
Smart Scan Analysis for CHFCNY
Based on our trend formula, CHFCNY is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.227588 | 8.228682 | 8.201810 | 8.204920 | -0.022668 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.227588 | 2024-07-26 20:26:25 |