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Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
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 May 23rd, 2022 at 0.14356771
The intermediate-term trend has been DOWN since Mar 6th, 2023 at 0.13418591
The short-term trend has been DOWN since Mar 21st, 2023 at 0.13393572
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 |
|---|---|---|---|---|
| 0.13280280 | 0.13415173 | 0.13277125 | 0.13378868 | +0.00098600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.13280280 | 2023-03-28 16:39:45 |