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.
MarketClub’s Trade Triangles for EURCNH
The long-term trend has been UP since Oct 17th, 2022 at 7.06064
The intermediate-term trend has been UP since Mar 22nd, 2023 at 7.43140
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).