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Forex Trend Analysis Report
Prepared for you on Wednesday, April 17, 2024.
Euro/Chinese Yuan Renminbi Offshore (FOREX:EURCNH)
Long-Term Downtrend (-90) - EURCNH is in a strong downtrend that is likely to continue. While EURCNH 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 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 7.717270
The intermediate-term trend has been DOWN since Apr 1st, 2024 at 7.814070
The short-term trend has been DOWN since Apr 10th, 2024 at 7.842395
Smart Scan Analysis for EURCNH
Based on our trend formula, EURCNH is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.716105 | 7.737850 | 7.701195 | 7.736610 | +0.020505 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.716105 | 2024-04-17 23:59:39 |