Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Chinese Yuan Renminbi/Swiss Franc (FOREX:CNYCHF)
Bull Market Weakness (+75) - CNYCHF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNYCHF as it may be in the beginning stages 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 UP since Sep 27th, 2020 at 0.13629566
The intermediate-term trend has been UP since Aug 12th, 2021 at 0.14257110
The short-term trend has been UP since Oct 18th, 2021 at 0.14387226
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).