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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.

FOREX_CHFCNH
Open High Low CHFCNH Price Change
7.5373 7.5373 7.5373 7.5373 0.0000
Entry Signal

MarketClub’s Trade Triangles for CHFCNH

long term down The long-term trend has been DOWN since Jan 18th, 2023 at 7.1819

intermediate term up The intermediate-term trend has been UP since Mar 6th, 2023 at 7.4387

short term up 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).

+50
Smart Scan Analysis for CHFCNH
Strong Downtrend Sideways 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
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