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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Chinese Yuan Renminbi Offshore/Euro (FOREX:CNHEUR)
Sidelines Mode (-55) - CNHEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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MarketClub’s Trade Triangles for CNHEUR
The long-term trend has been DOWN since May 27th, 2024 at 0.12673476
The intermediate-term trend has been DOWN since Jul 3rd, 2024 at 0.12706351
The short-term trend has been UP since Jul 19th, 2024 at 0.12623633
Smart Scan Analysis for CNHEUR
Based on our trend formula, CNHEUR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
![Smart Scan Analysis for CNHEUR](/img/sites/trend-web/images/trend-slider.png)
Open | High | Low | Price | Change |
---|---|---|---|---|
0.12696204 | 0.12706174 | 0.12672713 | 0.12682792 | -0.00013400 |
Prev. Close | Volume | Bid | Ask | Time |
0.12696204 | 2024-07-26 17:00:05 |