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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

Chinese Yuan Renminbi/Euro (FOREX:CNYEUR)

Bull Market Weakness (+75) - CNYEUR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNYEUR as it may be in the beginning stages of a reversal.

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
0.13155667 0.13176990 0.13155148 0.13174038 +0.00018400
Entry Signal

MarketClub’s Trade Triangles for CNYEUR

long term up The long-term trend has been UP since Apr 11th, 2024 at 0.13134414

intermediate term up The intermediate-term trend has been UP since Mar 28th, 2024 at 0.13006968

short term down The short-term trend has been DOWN since Apr 18th, 2024 at 0.13201169

Smart Scan Analysis for CNYEUR

Based on our trend formula, CNYEUR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for CNYEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.13155667 0.13176990 0.13155148 0.13174038 +0.00018400
Prev. Close Volume Bid Ask Time
0.13155667 2024-04-24 07:20:01
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