Free Daily Analysis

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.

FOREX_EURCNH
Open High Low EURCNH Price Change
7.913975 7.918045 7.888420 7.917970 +0.003995
Entry Signal

MarketClub’s Trade Triangles for EURCNH

long term up The long-term trend has been UP since Mar 6th, 2020 at 7.852740

intermediate term up The intermediate-term trend has been UP since Apr 30th, 2020 at 7.751500

short term up 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).

+100
Smart Scan Analysis for EURCNH
Strong Downtrend Sideways 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
Get a free daily analysis and signals for Euro/Chinese Yuan Renminbi Offshore (EURCNH) - Request Your Free Report.