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Forex Trend Analysis Report

Prepared for you on Thursday, February 25, 2021.

Chinese Yuan Renminbi/Euro (FOREX:CNYEUR)

Crossroads (-60) - CNYEUR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

FOREX_CNYEUR
Open High Low CNYEUR Price Change
0.12730117 0.12734818 0.12661133 0.12670919 -0.00059200
Entry Signal

MarketClub’s Trade Triangles for CNYEUR

long term up The long-term trend has been UP since Oct 14th, 2020 at 0.12681363

intermediate term down The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 0.12725905

short term down The short-term trend has been DOWN since Feb 22nd, 2021 at 0.12742932

Smart Scan Analysis for CNYEUR

Based on our trend formula, CNYEUR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for CNYEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.12730117 0.12734818 0.12661133 0.12670919 -0.00059200
Prev. Close Volume Bid Ask Time
0.12730117 2021-02-25 11:32:48
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