Forex Trend Analysis Report
Prepared for you on Monday, December 6, 2021.
Chinese Yuan Renminbi/Swiss Franc (FOREX:CNYCHF)
Long-Term Uptrend (+90) - CNYCHF is in a strong uptrend that is likely to continue. While CNYCHF is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid CNYCHF?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYCHF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CNYCHF
The long-term trend has been UP since Sep 27th, 2020 at 0.13629566
The intermediate-term trend has been UP since Nov 15th, 2021 at 0.14481043
The short-term trend has been UP since Dec 6th, 2021 at 0.14474636
Smart Scan Analysis for CNYCHF
Based on our trend formula, CNYCHF is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).