Forex Trend Analysis Report
Prepared for you on Saturday, February 27, 2021.
Chinese Yuan Renminbi Offshore/Euro (FOREX:CNHEUR)
Crossroads (-60) - CNHEUR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 DOWN since Feb 22nd, 2021 at 0.12741126
The short-term trend has been DOWN since Feb 18th, 2021 at 0.12807746
Smart Scan Analysis for CNHEUR
Based on our trend formula, CNHEUR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).