Forex Trend Analysis Report
Prepared for you on Saturday, February 27, 2021.
Chinese Yuan Renminbi Offshore/Swiss Franc (FOREX:CNHCHF)
Long-Term Uptrend (+90) - CNHCHF is in a strong uptrend that is likely to continue. While CNHCHF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for CNHCHF
The long-term trend has been UP since Sep 1st, 2020 at 0.13216023
The intermediate-term trend has been UP since Dec 27th, 2020 at 0.13771906
The short-term trend has been UP since Feb 23rd, 2021 at 0.13944173
Smart Scan Analysis for CNHCHF
Based on our trend formula, CNHCHF is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).