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Forex Trend Analysis Report

Prepared for you on Thursday, April 9, 2020.

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.

FOREX_CNYEUR
Open High Low CNYEUR Price Change
0.13024078 0.13055387 0.13014247 0.13043784 +0.00019700
Entry Signal

MarketClub’s Trade Triangles for CNYEUR

long term down The long-term trend has been DOWN since Mar 6th, 2020 at 0.12748130

intermediate term up The intermediate-term trend has been UP since Mar 19th, 2020 at 0.13159476

short term down The short-term trend has been DOWN since Apr 7th, 2020 at 0.13004938

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).

+55
Smart Scan Analysis for CNYEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.13024078 0.13055387 0.13014247 0.13043784 +0.00019700
Prev. Close Volume Bid Ask Time
0.13024078 0.13026770 0.13060798 2020-04-09 07:37:06
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