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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Chinese Yuan Renminbi/Euro (FOREX:CNYEUR)
Crossroads (-60) - CNYEUR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CNYEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYEUR.
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 CNYEUR
The long-term trend has been UP since Apr 11th, 2024 at 0.13134414
The intermediate-term trend has been DOWN since May 6th, 2024 at 0.13117701
The short-term trend has been DOWN since May 2nd, 2024 at 0.13143391
Smart Scan Analysis for CNYEUR
Based on our trend formula, CNYEUR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.13096056 | 0.13147192 | 0.13095198 | 0.13142872 | +0.00046800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.13096056 | 2024-05-09 04:16:51 |