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Forex Trend Analysis Report
Prepared for you on Friday, October 4, 2024.
Chinese Yuan Renminbi/Euro (FOREX:CNYEUR)
Strong Uptrend (+100) - CNYEUR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNYEUR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 1st, 2024 at 0.12868293
The intermediate-term trend has been UP since Sep 11th, 2024 at 0.12767831
The short-term trend has been UP since Oct 1st, 2024 at 0.12816940
Smart Scan Analysis for CNYEUR
Based on our trend formula, CNYEUR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.12861784 | 0.13009995 | 0.12854650 | 0.12975800 | +0.00114000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.12861784 | 2024-10-04 21:01:37 |