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Forex Trend Analysis Report

Prepared for you on Friday, March 5, 2021.

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
6.967696 6.999426 6.958266 6.999426 +0.031730
Entry Signal

MarketClub’s Trade Triangles for CHFCNY

long term down The long-term trend has been DOWN since Sep 25th, 2020 at 7.339111

intermediate term down The intermediate-term trend has been DOWN since Jan 4th, 2021 at 7.323913

short term down The short-term trend has been DOWN since Feb 17th, 2021 at 7.226093

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
6.967696 6.999426 6.958266 6.999426 +0.031730
Prev. Close Volume Bid Ask Time
6.967696 2021-03-05 07:55:17
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