Forex Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
Chinese Yuan Renminbi/Euro (FOREX:CNYEUR)
Long-Term Uptrend (+90) - CNYEUR is in a strong uptrend that is likely to continue. While CNYEUR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid CNYEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CNYEUR
The long-term trend has been UP since Sep 26th, 2023 at 0.13185503
The intermediate-term trend has been UP since Jul 28th, 2023 at 0.12742283
The short-term trend has been UP since Sep 22nd, 2023 at 0.13091255
Smart Scan Analysis for CNYEUR
Based on our trend formula, CNYEUR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).