Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

Chinese Yuan Renminbi Offshore/Swiss Franc (FOREX:CNHCHF)

Countertrend Down (-85) - CNHCHF 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 CNHCHF?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNHCHF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CNHCHF
Open High Low CNHCHF Price Change
0.13498811 0.13545763 0.13434107 0.13440981 -0.00057800
Entry Signal

MarketClub’s Trade Triangles for CNHCHF

long term down The long-term trend has been DOWN since Jul 28th, 2022 at 0.14128841

intermediate term down The intermediate-term trend has been DOWN since Mar 6th, 2023 at 0.13411203

short term up The short-term trend has been UP since Mar 15th, 2023 at 0.13335557

Smart Scan Analysis for CNHCHF

Based on our trend formula, CNHCHF is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for CNHCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.13498811 0.13545763 0.13434107 0.13440981 -0.00057800
Prev. Close Volume Bid Ask Time
0.13498811 2023-03-21 11:04:36
Get a free daily analysis and signals for Chinese Yuan Renminbi Offshore/Swiss Franc (CNHCHF) - Request Your Free Report.