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Forex Trend Analysis Report
Prepared for you on Monday, March 20, 2023.
Swiss Franc/Chinese Yuan Renminbi Offshore (FOREX:CHFCNH)
Sidelines Mode (+50) - CHFCNH is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CHFCNH can gain momentum.
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 Jan 18th, 2023 at 7.1819
The intermediate-term trend has been UP since Mar 6th, 2023 at 7.4387
The short-term trend has been UP since Mar 6th, 2023 at 7.4387
Smart Scan Analysis for CHFCNH
Based on our trend formula, CHFCNH is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.5373 | 7.5373 | 7.5373 | 7.5373 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.5373 | 2023-03-15 16:17:26 |