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.
MarketClub’s Trade Triangles for EURCNH
The long-term trend has been DOWN since Oct 9th, 2020 at 7.89115
The intermediate-term trend has been UP since Nov 27th, 2020 at 7.86690
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).