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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.
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MarketClub’s Trade Triangles for CHFCNY
The long-term trend has been DOWN since Sep 25th, 2020 at 7.339111
The intermediate-term trend has been DOWN since Jan 4th, 2021 at 7.323913
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).
| 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 |