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Forex Trend Analysis Report

Prepared for you on Friday, June 21, 2024.

Chinese Yuan Renminbi/Swiss Franc (FOREX:CNYCHF)

Long-Term Downtrend (-90) - CNYCHF is in a strong downtrend that is likely to continue. While CNYCHF 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 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.

FOREX_CNYCHF
Open High Low CNYCHF Price Change
0.12277715 0.12298354 0.12254508 0.12290749 +0.00013000
Entry Signal

MarketClub’s Trade Triangles for CNYCHF

long term down The long-term trend has been DOWN since Jun 18th, 2024 at 0.12199534

intermediate term down The intermediate-term trend has been DOWN since Jun 4th, 2024 at 0.12589337

short term down The short-term trend has been DOWN since Jun 12th, 2024 at 0.12377518

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).

-90
Smart Scan Analysis for CNYCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.12277715 0.12298354 0.12254508 0.12290749 +0.00013000
Prev. Close Volume Bid Ask Time
0.12277715 2024-06-21 07:50:43
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