Forex Trend Analysis Report
Prepared for you on Thursday, December 9, 2021.
Chinese Yuan Renminbi Offshore/Swiss Franc (FOREX:CNHCHF)
Bull Market Weakness (+75) - CNHCHF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNHCHF as it may be in the beginning stages of a reversal.
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 DOWN since Dec 5th, 2021 at 0.14374097
The short-term trend has been UP since Dec 6th, 2021 at 0.14471117
Smart Scan Analysis for CNHCHF
Based on our trend formula, CNHCHF is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).