Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Swiss Franc/Chinese Yuan Renminbi (FOREX:CHFCNY)
Long-Term Uptrend (+90) - CHFCNY is in a strong uptrend that is likely to continue. While CHFCNY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for CHFCNY
The long-term trend has been UP since Dec 1st, 2023 at 8.138297
The intermediate-term trend has been UP since Oct 16th, 2023 at 7.973562
The short-term trend has been UP since Nov 27th, 2023 at 8.069492
Smart Scan Analysis for CHFCNY
Based on our trend formula, CHFCNY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).