Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
Chinese Yuan Renminbi/Swiss Franc (FOREX:CNYCHF)
Bear Market Rally (-75) - CNYCHF is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CNYCHF as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for CNYCHF
The long-term trend has been DOWN since Jan 1st, 2019 at 0.14222000
The intermediate-term trend has been DOWN since Mar 2nd, 2020 at 0.13757791
The short-term trend has been DOWN since Apr 8th, 2020 at 0.13728997
Smart Scan Analysis for CNYCHF
Based on our trend formula, CNYCHF is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).