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.
MarketClub’s Trade Triangles for CNYEUR
The long-term trend has been DOWN since Mar 6th, 2020 at 0.12748130
The intermediate-term trend has been UP since Mar 19th, 2020 at 0.13159476
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).