Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
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 Sep 1st, 2020 at 0.12274465
The intermediate-term trend has been UP since Sep 15th, 2021 at 0.13179225
The short-term trend has been DOWN since Oct 14th, 2021 at 0.13383020
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).