Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Euro/Chinese Yuan Renminbi (FOREX:EURCNY)

Weak Downtrend (-65) - EURCNY is showing signs of a strengthening downtrend. Monitor EURCNY as it may be building momentum to the downside.

Is it time to buy, sell, or avoid EURCNY?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURCNY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURCNY
Open High Low EURCNY Price Change
7.6680 7.6680 7.6609 7.6680 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURCNY

long term up The long-term trend has been UP since Dec 21st, 2023 at 7.8058

intermediate term down The intermediate-term trend has been DOWN since Mar 28th, 2024 at 7.6876

short term down The short-term trend has been DOWN since Mar 28th, 2024 at 7.6929

Smart Scan Analysis for EURCNY

Based on our trend formula, EURCNY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for EURCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.6680 7.6680 7.6609 7.6680 0.0000
Prev. Close Volume Bid Ask Time
7.6680 2024-03-29 09:15:35
Get a free daily analysis and signals for Euro/Chinese Yuan Renminbi (EURCNY) - Request Your Free Report.