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Forex Trend Analysis Report

Prepared for you on Saturday, April 1, 2023.

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

Long-Term Downtrend (-90) - CNHCHF is in a strong downtrend that is likely to continue. While CNHCHF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
0.13314439 0.13349133 0.13270809 0.13324892 +0.00010500
Entry Signal

MarketClub’s Trade Triangles for CNHCHF

long term down The long-term trend has been DOWN since Jul 28th, 2022 at 0.14128841

intermediate term down The intermediate-term trend has been DOWN since Mar 6th, 2023 at 0.13411203

short term down The short-term trend has been DOWN since Mar 28th, 2023 at 0.13278850

Smart Scan Analysis for CNHCHF

Based on our trend formula, CNHCHF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CNHCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.13314439 0.13349133 0.13270809 0.13324892 +0.00010500
Prev. Close Volume Bid Ask Time
0.13314439 2023-03-31 17:17:43
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