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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.

FOREX_EURCNH
Open High Low EURCNH Price Change
7.173405 7.207200 7.151675 7.199500 +0.026095
Entry Signal

MarketClub’s Trade Triangles for EURCNH

long term down The long-term trend has been DOWN since Oct 9th, 2020 at 7.891150

intermediate term down The intermediate-term trend has been DOWN since Sep 15th, 2021 at 7.587700

short term down 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).

-100
Smart Scan Analysis for EURCNH
Strong Downtrend Sideways 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
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