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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

Chinese Yuan Renminbi/Swiss Franc (FOREX:CNYCHF)

Weak Downtrend (-65) - CNYCHF is showing signs of a strengthening downtrend. Monitor CNYCHF as it may be building momentum to the downside.

Is it time to buy, sell, or avoid CNYCHF?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNYCHF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CNYCHF
Open High Low CNYCHF Price Change
0.12343275 0.12611165 0.12313945 0.12318240 -0.00025000
Entry Signal

MarketClub’s Trade Triangles for CNYCHF

long term up The long-term trend has been UP since Apr 2nd, 2024 at 0.12783531

intermediate term down The intermediate-term trend has been DOWN since Jun 4th, 2024 at 0.12589337

short term down The short-term trend has been DOWN since Jun 12th, 2024 at 0.12377518

Smart Scan Analysis for CNYCHF

Based on our trend formula, CNYCHF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CNYCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.12343275 0.12611165 0.12313945 0.12318240 -0.00025000
Prev. Close Volume Bid Ask Time
0.12343275 2024-06-13 12:11:28
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