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.

Open	High	Low	CNHEUR Price	Change
0.13388682	0.13414455	0.13388073	0.13402131	+0.00013400
Entry Signal

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).

+85

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.13388682	0.13414455	0.13388073	0.13402131	+0.00013400
Prev. Close	Volume	Bid	Ask	Time
0.13388682				2021-10-15 18:34:34

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