Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Swiss Franc/Chinese Yuan Renminbi (FOREX:CHFCNY)
Weak Uptrend (+65) - CHFCNY is showing signs of weakening momentum to the upside. Monitor CHFCNY as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid
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.
MarketClub’s Trade Triangles for CHFCNY
The long-term trend has been UP since May 13th, 2019 at 6.789850
The intermediate-term trend has been UP since Dec 3rd, 2019 at 7.120774
The short-term trend has been DOWN since Feb 5th, 2020 at 7.195419
Smart Scan Analysis for CHFCNY
Based on our trend formula, CHFCNY is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).