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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

Swiss Franc/Chinese Yuan Renminbi (FOREX:CHFCNY)

Long-Term Downtrend (-90) - CHFCNY is in a strong downtrend that is likely to continue. While CHFCNY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_CHFCNY
Open High Low CHFCNY Price Change
7.785704 7.788485 7.764231 7.777931 -0.007773
Entry Signal

MarketClub’s Trade Triangles for CHFCNY

long term down The long-term trend has been DOWN since Mar 1st, 2024 at 8.014780

intermediate term down The intermediate-term trend has been DOWN since Jan 19th, 2024 at 8.172203

short term down The short-term trend has been DOWN since Apr 24th, 2024 at 7.778676

Smart Scan Analysis for CHFCNY

Based on our trend formula, CHFCNY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CHFCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.785704 7.788485 7.764231 7.777931 -0.007773
Prev. Close Volume Bid Ask Time
7.785704 2024-04-24 11:46:03
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