Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, April 15, 2024.

Chinese Yuan Renminbi Offshore/Euro (FOREX:CNHEUR)

Bull Market Weakness (+75) - CNHEUR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNHEUR as it may be in the beginning stages of a reversal.

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.

FOREX_CNHEUR
Open High Low CNHEUR Price Change
0.12934946 0.12938142 0.12916159 0.12933356 -0.00001600
Entry Signal

MarketClub’s Trade Triangles for CNHEUR

long term down The long-term trend has been DOWN since Dec 27th, 2023 at 0.12658420

intermediate term up The intermediate-term trend has been UP since Apr 1st, 2024 at 0.12797543

short term up The short-term trend has been UP since Apr 10th, 2024 at 0.12751605

Smart Scan Analysis for CNHEUR

Based on our trend formula, CNHEUR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for CNHEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.12934946 0.12938142 0.12916159 0.12933356 -0.00001600
Prev. Close Volume Bid Ask Time
0.12934946 2024-04-15 04:53:30
Get a free daily analysis and signals for Chinese Yuan Renminbi Offshore/Euro (CNHEUR) - Request Your Free Report.