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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Euro/Chinese Yuan Renminbi Offshore (FOREX:EURCNH)
Weak Downtrend (-65) - EURCNH is showing signs of a strengthening downtrend. Monitor EURCNH as it may be building momentum to the downside.
Is it time to buy, sell, or avoid EURCNH?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURCNH.
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 EURCNH
The long-term trend has been DOWN since Apr 15th, 2024 at 7.71727
The intermediate-term trend has been DOWN since Apr 1st, 2024 at 7.81407
The short-term trend has been DOWN since May 9th, 2024 at 7.76200
Smart Scan Analysis for EURCNH
Based on our trend formula, EURCNH is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
-70
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.769165 | 7.769425 | 7.757510 | 7.764980 | -0.004185 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.769165 | 2024-05-09 06:52:12 |
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