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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Chinese Yuan Renminbi/Euro (FOREX:CNYEUR)
Countertrend Up (+85) - CNYEUR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Nov 13th, 2024 at 0.13047795
The short-term trend has been DOWN since Nov 18th, 2024 at 0.13068042
Smart Scan Analysis for CNYEUR
Based on our trend formula, CNYEUR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.13035530 | 0.13066211 | 0.13033212 | 0.13057316 | +0.00021800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.13035530 | 2024-11-20 03:39:12 |