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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
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.
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MarketClub’s Trade Triangles for CNHCHF
The long-term trend has been DOWN since Jun 18th, 2024 at 0.12143231
The intermediate-term trend has been DOWN since Jul 17th, 2024 at 0.12240312
The short-term trend has been DOWN since Jul 16th, 2024 at 0.12271386
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.12143729 | 0.12174088 | 0.12141489 | 0.12163597 | +0.00019900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.12143729 | 2024-07-26 17:00:03 |