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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Chinese Yuan Renminbi/Swiss Franc (FOREX:CNYCHF)
Long-Term Downtrend (-90) - CNYCHF is in a strong downtrend that is likely to continue. While CNYCHF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for CNYCHF
The long-term trend has been DOWN since Jun 18th, 2024 at 0.12199534
The intermediate-term trend has been DOWN since Jul 17th, 2024 at 0.12268337
The short-term trend has been DOWN since Jul 24th, 2024 at 0.12197485
Smart Scan Analysis for CNYCHF
Based on our trend formula, CNYCHF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.12154105 | 0.12197813 | 0.12152328 | 0.12187809 | +0.00033700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.12154105 | 2024-07-26 19:58:54 |