Forex Trend Analysis Report
Prepared for you on Sunday, June 26, 2022.
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.
MarketClub’s Trade Triangles for CNHEUR
The long-term trend has been DOWN since May 29th, 2022 at 0.13693706
The intermediate-term trend has been UP since Jun 5th, 2022 at 0.14171050
The short-term trend has been DOWN since Jun 21st, 2022 at 0.14159854
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).