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Forex Trend Analysis Report
Prepared for you on Sunday, December 22, 2024.
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 Nov 1st, 2024 at 8.204476
The intermediate-term trend has been UP since Dec 1st, 2024 at 8.238815
The short-term trend has been UP since Dec 20th, 2024 at 8.180058
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 |
|---|---|---|---|---|
| 8.156983 | 8.163731 | 8.156983 | 8.157239 | +0.000256 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.156983 | 2024-12-22 13:56:25 |