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Forex Trend Analysis Report

Prepared for you on Sunday, July 21, 2024.

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.

FOREX_CHFCNY
Open High Low CHFCNY Price Change
8.179621 8.192472 8.174142 8.183021 +0.003400
Entry Signal

MarketClub’s Trade Triangles for CHFCNY

long term up The long-term trend has been UP since Jun 7th, 2024 at 8.112021

intermediate term up The intermediate-term trend has been UP since Jul 17th, 2024 at 8.144570

short term up The short-term trend has been UP since Jul 16th, 2024 at 8.130261

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).

+90
Smart Scan Analysis for CHFCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.179621 8.192472 8.174142 8.183021 +0.003400
Prev. Close Volume Bid Ask Time
8.179621 2024-07-21 21:32:41
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