Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, March 28, 2023.

Chinese Yuan Renminbi Offshore/Euro (FOREX:CNHEUR)

Long-Term Downtrend (-90) - CNHEUR is in a strong downtrend that is likely to continue. While CNHEUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
0.13438991 0.13444700 0.13394457 0.13404452 -0.00034500
Entry Signal

MarketClub’s Trade Triangles for CNHEUR

long term down The long-term trend has been DOWN since Oct 17th, 2022 at 0.14162099

intermediate term down The intermediate-term trend has been DOWN since Mar 22nd, 2023 at 0.13456415

short term down The short-term trend has been DOWN since Mar 15th, 2023 at 0.13498000

Smart Scan Analysis for CNHEUR

Based on our trend formula, CNHEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CNHEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.13438991 0.13444700 0.13394457 0.13404452 -0.00034500
Prev. Close Volume Bid Ask Time
0.13438991 2023-03-28 17:29:20
Get a free daily analysis and signals for Chinese Yuan Renminbi Offshore/Euro (CNHEUR) - Request Your Free Report.