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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Swiss Franc/Chinese Yuan Renminbi (FOREX:CHFCNY)
Countertrend Down (-85) - CHFCNY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for CHFCNY
The long-term trend has been DOWN since Nov 13th, 2024 at 8.160988
The intermediate-term trend has been DOWN since Sep 18th, 2024 at 8.328655
The short-term trend has been UP since Nov 18th, 2024 at 8.164685
Smart Scan Analysis for CHFCNY
Based on our trend formula, CHFCNY is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.197666 | 8.198822 | 8.184669 | 8.191500 | -0.006166 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.197666 | 2024-11-20 03:44:54 |