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Forex Trend Analysis Report

Prepared for you on Wednesday, June 12, 2024.

Chinese Yuan Renminbi Offshore/Swiss Franc (FOREX:CNHCHF)

Weak Downtrend (-65) - CNHCHF is showing signs of a strengthening downtrend. Monitor CNHCHF as it may be building momentum to the downside.

Is it time to buy, sell, or avoid CNHCHF?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNHCHF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CNHCHF
Open High Low CNHCHF Price Change
0.12350928 0.12355241 0.12256274 0.12305735 -0.00045200
Entry Signal

MarketClub’s Trade Triangles for CNHCHF

long term up The long-term trend has been UP since Mar 1st, 2024 at 0.12293942

intermediate term down The intermediate-term trend has been DOWN since May 30th, 2024 at 0.12460680

short term down The short-term trend has been DOWN since Jun 12th, 2024 at 0.12323346

Smart Scan Analysis for CNHCHF

Based on our trend formula, CNHCHF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CNHCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.12350928 0.12355241 0.12256274 0.12305735 -0.00045200
Prev. Close Volume Bid Ask Time
0.12350928 2024-06-12 17:27:33
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