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Forex Trend Analysis Report

Prepared for you on Monday, March 4, 2024.

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.

FOREX_CNHCHF
Open High Low CNHCHF Price Change
0.12249985 0.12254759 0.12211629 0.12237645 -0.00012300
Entry Signal

MarketClub’s Trade Triangles for CNHCHF

long term up The long-term trend has been UP since Mar 1st, 2024 at 0.12293942

intermediate term up The intermediate-term trend has been UP since Jan 18th, 2024 at 0.12033595

short term up The short-term trend has been UP since Feb 29th, 2024 at 0.12236177

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).

+90
Smart Scan Analysis for CNHCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.12249985 0.12254759 0.12211629 0.12237645 -0.00012300
Prev. Close Volume Bid Ask Time
0.12249985 2024-03-04 03:47:56
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