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Forex Trend Analysis Report
Prepared for you on Wednesday, February 5, 2025.
Swiss Franc/Chinese Yuan Renminbi (FOREX:CHFCNY)
Sidelines Mode (-55) - CHFCNY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CHFCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFCNY.
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 CHFCNY
The long-term trend has been DOWN since Nov 13th, 2024 at 8.160988
The intermediate-term trend has been DOWN since Dec 18th, 2024 at 8.099072
The short-term trend has been UP since Feb 3rd, 2025 at 7.920533
Smart Scan Analysis for CHFCNY
Based on our trend formula, CHFCNY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.046374 | 8.046840 | 8.042842 | 8.043662 | -0.002712 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.046374 | 2025-02-05 00:47:05 |