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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Chinese Yuan Renminbi Offshore/Euro (FOREX:CNHEUR)
Bull Market Weakness (+75) - CNHEUR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNHEUR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid CNHEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNHEUR.
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 CNHEUR
The long-term trend has been UP since Apr 15th, 2024 at 0.12957950
The intermediate-term trend has been UP since Apr 1st, 2024 at 0.12797543
The short-term trend has been UP since May 9th, 2024 at 0.12883427
Smart Scan Analysis for CNHEUR
Based on our trend formula, CNHEUR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.12871396 | 0.12890734 | 0.12841174 | 0.12841883 | -0.00029500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.12871396 | 2024-05-09 13:54:09 |