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Forex Trend Analysis Report
Prepared for you on Tuesday, November 5, 2024.
Swiss Franc/Chinese Yuan Renminbi Offshore (FOREX:CHFCNH)
Weak Downtrend (-65) - CHFCNH is showing signs of a strengthening downtrend. Monitor CHFCNH as it may be building momentum to the downside.
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 Sep 19th, 2024 at 8.322721
The short-term trend has been DOWN since Nov 1st, 2024 at 8.217293
Smart Scan Analysis for CHFCNH
Based on our trend formula, CHFCNH is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.222771 | 8.252257 | 8.218520 | 8.242072 | +0.019301 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.222771 | 2024-11-05 06:28:38 |