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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
Chinese Yuan Renminbi Offshore/Swiss Franc (FOREX:CNHCHF)
Bull Market Weakness (+75) - CNHCHF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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.
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MarketClub’s Trade Triangles for CNHCHF
The long-term trend has been UP since Nov 1st, 2024 at 0.12192455
The intermediate-term trend has been UP since Sep 20th, 2024 at 0.12072619
The short-term trend has been DOWN since Nov 18th, 2024 at 0.12225774
Smart Scan Analysis for CNHCHF
Based on our trend formula, CNHCHF is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.12179543 | 0.12204835 | 0.12174665 | 0.12194070 | +0.00014500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.12179543 | 2024-11-21 06:49:48 |