Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
Swiss Franc/Chinese Yuan Renminbi (FOREX:CHFCNY)
Bear Market Rally (-75) - CHFCNY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CHFCNY as it may be in the beginning of a reversal.
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.
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 Aug 27th, 2020 at 7.555020
The short-term trend has been UP since Nov 23rd, 2020 at 7.234149
Smart Scan Analysis for CHFCNY
Based on our trend formula, CHFCNY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).