Forex Trend Analysis Report
Prepared for you on Friday, January 15, 2021.
Chinese Yuan Renminbi Offshore/Swiss Franc (FOREX:CNHCHF)
Countertrend Up (+85) - CNHCHF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
MarketClub’s Trade Triangles for CNHCHF
The long-term trend has been UP since Sep 1st, 2020 at 0.13216023
The intermediate-term trend has been UP since Dec 27th, 2020 at 0.13771906
The short-term trend has been DOWN since Jan 15th, 2021 at 0.13704500
Smart Scan Analysis for CNHCHF
Based on our trend formula, CNHCHF is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).