Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Chinese Yuan Renminbi Offshore/Euro (FOREX:CNHEUR)
Countertrend Up (+85) - CNHEUR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid CNHEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNHEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for CNHEUR
The long-term trend has been UP since Oct 7th, 2024 at 0.12894948
The intermediate-term trend has been UP since Sep 23rd, 2024 at 0.12772181
The short-term trend has been DOWN since Nov 18th, 2024 at 0.13052351
Smart Scan Analysis for CNHEUR
Based on our trend formula, CNHEUR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.13034572 | 0.13064023 | 0.13033111 | 0.13055043 | +0.00020500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.13034572 | 2024-11-20 03:30:29 |