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Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
Euro/Chinese Yuan Renminbi (FOREX:EURCNY)
Sidelines Mode (-55) - EURCNY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid EURCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURCNY.
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 EURCNY
The long-term trend has been DOWN since Apr 11th, 2024 at 7.6134
The intermediate-term trend has been DOWN since Mar 28th, 2024 at 7.6876
The short-term trend has been UP since Apr 23rd, 2024 at 7.5783
Smart Scan Analysis for EURCNY
Based on our trend formula, EURCNY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.6070 | 7.6182 | 7.6035 | 7.6116 | +0.0046 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.6070 | 2024-04-26 06:13:54 |