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.
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MarketClub’s Trade Triangles for CNHCHF
The long-term trend has been DOWN since Jul 28th, 2022 at 0.14128841
The intermediate-term trend has been DOWN since Mar 6th, 2023 at 0.13411203
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).
| 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 |