Forex Trend Analysis Report
Prepared for you on Tuesday, January 18, 2022.
Swiss Franc/Chinese Yuan Renminbi Offshore (FOREX:CHFCNH)
Strong Downtrend (-100) - CHFCNH is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CHFCNH continues to fall. Traders should use caution and set stops.
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 7.18500
The intermediate-term trend has been DOWN since Jan 18th, 2022 at 6.91925
The short-term trend has been DOWN since Jan 6th, 2022 at 6.94750
Smart Scan Analysis for CHFCNH
Based on our trend formula, CHFCNH is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).