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Forex Trend Analysis Report

Prepared for you on Wednesday, July 24, 2024.

Euro/Chinese Yuan Renminbi Offshore (FOREX:EURCNH)

Weak Uptrend (+65) - EURCNH is showing signs of weakening momentum to the upside. Monitor EURCNH as it may be in the beginning stages of a reversal.

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.

FOREX_EURCNH
Open High Low EURCNH Price Change
7.903405 7.905915 7.901510 7.904365 +0.000960
Entry Signal

MarketClub’s Trade Triangles for EURCNH

long term up The long-term trend has been UP since May 27th, 2024 at 7.890495

intermediate term up The intermediate-term trend has been UP since Jul 3rd, 2024 at 7.870115

short term down The short-term trend has been DOWN since Jul 19th, 2024 at 7.921645

Smart Scan Analysis for EURCNH

Based on our trend formula, EURCNH is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for EURCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.903405 7.905915 7.901510 7.904365 +0.000960
Prev. Close Volume Bid Ask Time
7.903405 2024-07-24 01:58:35
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