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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Chinese Yuan Renminbi/Swiss Franc (FOREX:CNYCHF)
Sidelines Mode (+55) - CNYCHF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Sep 18th, 2024 at 0.12012287
The short-term trend has been DOWN since Nov 18th, 2024 at 0.12231988
Smart Scan Analysis for CNYCHF
Based on our trend formula, CNYCHF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.12199095 | 0.12220725 | 0.12196200 | 0.12207190 | +0.00008100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.12199095 | 2024-11-20 03:36:57 |