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Forex Trend Analysis Report

Prepared for you on Thursday, May 6, 2021.

Swiss Franc/Chinese Yuan Renminbi Offshore (FOREX:CHFCNH)

Crossroads (+60) - CHFCNH is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid CHFCNH?

MarketClub looks at technical strength and momentum to determine if the timing is right for CHFCNH.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CHFCNH
Open High Low CHFCNH Price Change
7.0992 7.0992 7.0992 7.0992 0.0000
Entry Signal

MarketClub’s Trade Triangles for CHFCNH

long term down The long-term trend has been DOWN since Feb 8th, 2021 at 7.1850

intermediate term up The intermediate-term trend has been UP since Apr 13th, 2021 at 7.0066

short term up The short-term trend has been UP since Apr 13th, 2021 at 6.9775

Smart Scan Analysis for CHFCNH

Based on our trend formula, CHFCNH is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for CHFCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.0992 7.0992 7.0992 7.0992 0.0000
Prev. Close Volume Bid Ask Time
7.0992 2021-05-04 15:54:48
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