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Forex Trend Analysis Report
Prepared for you on Thursday, May 28, 2020.
Euro/Chinese Yuan Renminbi Offshore (FOREX:EURCNH)
Strong Uptrend (+100) - EURCNH is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, EURCNH continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
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MarketClub’s Trade Triangles for EURCNH
The long-term trend has been UP since Mar 6th, 2020 at 7.852740
The intermediate-term trend has been UP since Apr 30th, 2020 at 7.751500
The short-term trend has been UP since May 26th, 2020 at 7.813975
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 |
|---|---|---|---|---|
| 7.913975 | 7.918045 | 7.888420 | 7.917970 | +0.003995 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.913975 | 7.917170 | 7.918770 | 2020-05-28 11:58:05 |