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Forex Trend Analysis Report
Prepared for you on Wednesday, December 8, 2021.
Euro/Chinese Yuan Renminbi Offshore (FOREX:EURCNH)
Strong Downtrend (-100) - EURCNH is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid EURCNH?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURCNH.
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 EURCNH
The long-term trend has been DOWN since Oct 9th, 2020 at 7.891150
The intermediate-term trend has been DOWN since Sep 15th, 2021 at 7.587700
The short-term trend has been DOWN since Dec 6th, 2021 at 7.186845
Smart Scan Analysis for EURCNH
Based on our trend formula, EURCNH is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.173405 | 7.207200 | 7.151675 | 7.199500 | +0.026095 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.173405 | 2021-12-08 17:31:39 |