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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Chinese Yuan Renminbi/Euro (FOREX:CNYEUR)

Sidelines Mode (-55) - CNYEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

FOREX_CNYEUR
Open High Low CNYEUR Price Change
0.12952718 0.13001387 0.12952718 0.12986192 +0.00033500
Entry Signal

MarketClub’s Trade Triangles for CNYEUR

long term down The long-term trend has been DOWN since Dec 22nd, 2023 at 0.12811008

intermediate term down The intermediate-term trend has been DOWN since Mar 6th, 2024 at 0.12933286

short term up The short-term trend has been UP since Mar 14th, 2024 at 0.12949532

Smart Scan Analysis for CNYEUR

Based on our trend formula, CNYEUR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for CNYEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.12952718 0.13001387 0.12952718 0.12986192 +0.00033500
Prev. Close Volume Bid Ask Time
0.12952718 2024-03-19 06:32:05
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