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Forex Trend Analysis Report
Prepared for you on Wednesday, January 15, 2025.
Swiss Franc/Chinese Yuan Renminbi Offshore (FOREX:CHFCNH)
Bear Market Rally (-75) - CHFCNH is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CHFCNH as it may be in the beginning of a reversal.
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.
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MarketClub’s Trade Triangles for CHFCNH
The long-term trend has been DOWN since Nov 1st, 2024 at 8.204476
The intermediate-term trend has been DOWN since Dec 24th, 2024 at 8.113604
The short-term trend has been UP since Jan 15th, 2025 at 8.054108
Smart Scan Analysis for CHFCNH
Based on our trend formula, CHFCNH is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.052044 | 8.074155 | 8.040322 | 8.051891 | -0.000153 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.052044 | 2025-01-15 18:06:18 |