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.
MarketClub’s Trade Triangles for CHFCNH
The long-term trend has been DOWN since Feb 8th, 2021 at 7.1850
The intermediate-term trend has been UP since Apr 13th, 2021 at 7.0066
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).