Forex Trend Analysis Report
Prepared for you on Saturday, July 2, 2022.
Chinese Yuan Renminbi/Swiss Franc (FOREX:CNYCHF)
Countertrend Down (-85) - CNYCHF is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
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 Jun 24th, 2022 at 0.14251335
The short-term trend has been UP since Jul 1st, 2022 at 0.14347096
Smart Scan Analysis for CNYCHF
Based on our trend formula, CNYCHF is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).