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Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
Chinese Yuan Renminbi/Euro (FOREX:CNYEUR)
Sidelines Mode (+55) - CNYEUR 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 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.
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MarketClub’s Trade Triangles for CNYEUR
The long-term trend has been UP since Oct 14th, 2020 at 0.12681363
The intermediate-term trend has been DOWN since Aug 1st, 2022 at 0.14442340
The short-term trend has been UP since Aug 15th, 2022 at 0.14498247
Smart Scan Analysis for CNYEUR
Based on our trend formula, CNYEUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.14501821 | 0.14546966 | 0.14458837 | 0.14493834 | -0.00008000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.14501821 | 2022-08-16 21:47:20 |