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Forex Trend Analysis Report

Prepared for you on Saturday, December 5, 2020.

Euro/Chinese Yuan Renminbi Offshore (FOREX:EURCNH)

Crossroads (+60) - EURCNH is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
7.924845 7.937340 7.889385 7.899025 -0.025820
Entry Signal

MarketClub’s Trade Triangles for EURCNH

long term down The long-term trend has been DOWN since Oct 9th, 2020 at 7.89115

intermediate term up The intermediate-term trend has been UP since Nov 27th, 2020 at 7.86690

short term up The short-term trend has been UP since Nov 19th, 2020 at 7.79780

Smart Scan Analysis for EURCNH

Based on our trend formula, EURCNH is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for EURCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.924845 7.937340 7.889385 7.899025 -0.025820
Prev. Close Volume Bid Ask Time
7.924845 2020-12-04 16:59:44
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