Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
Chinese Yuan Renminbi Offshore/Swiss Franc (FOREX:CNHCHF)
Weak Uptrend (+65) - CNHCHF is showing signs of weakening momentum to the upside. Monitor CNHCHF as it may be in the beginning stages of a reversal.
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 Aug 12th, 2021 at 0.14248273
The short-term trend has been DOWN since Oct 12th, 2021 at 0.14343027
Smart Scan Analysis for CNHCHF
Based on our trend formula, CNHCHF is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).