Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
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, EURCNH 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.
MarketClub’s Trade Triangles for EURCNH
The long-term trend has been DOWN since Oct 2nd, 2023 at 7.672280
The intermediate-term trend has been DOWN since Dec 1st, 2023 at 7.767720
The short-term trend has been DOWN since Nov 30th, 2023 at 7.818805
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).