Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
Chinese Yuan Renminbi/Swiss Franc (FOREX:CNYCHF)
Countertrend Up (+85) - CNYCHF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Oct 1st, 2023 at 0.12708640
The intermediate-term trend has been UP since Nov 6th, 2023 at 0.12604631
The short-term trend has been UP since Nov 20th, 2023 at 0.12644132
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).