Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
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 7th, 2024 at 7.754975
The intermediate-term trend has been DOWN since Sep 23rd, 2024 at 7.830150
The short-term trend has been DOWN since Nov 20th, 2024 at 7.620300
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 |
|---|---|---|---|---|
| 7.647585 | 7.648985 | 7.619400 | 7.627755 | -0.019830 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.647585 | 2024-11-21 06:40:07 |