Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, March 30, 2023.

Euro/Chinese Yuan Renminbi Offshore (FOREX:EURCNH)

Long-Term Uptrend (+90) - EURCNH is in a strong uptrend that is likely to continue. While EURCNH is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
7.473555 7.515800 7.449865 7.477935 +0.004380
Entry Signal

MarketClub’s Trade Triangles for EURCNH

long term up The long-term trend has been UP since Oct 17th, 2022 at 7.06064

intermediate term up The intermediate-term trend has been UP since Mar 22nd, 2023 at 7.43140

short term up The short-term trend has been UP since Mar 20th, 2023 at 7.37145

Smart Scan Analysis for EURCNH

Based on our trend formula, EURCNH is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for EURCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.473555 7.515800 7.449865 7.477935 +0.004380
Prev. Close Volume Bid Ask Time
7.473555 2023-03-30 22:51:11
Get a free daily analysis and signals for Euro/Chinese Yuan Renminbi Offshore (EURCNH) - Request Your Free Report.