Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Euro/Chinese Yuan Renminbi (FOREX:EURCNY)
Weak Uptrend (+65) - EURCNY is showing signs of weakening momentum to the upside. Monitor EURCNY as it may be in the beginning stages of a reversal.
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for EURCNY
The long-term trend has been UP since Jun 5th, 2024 at 7.777400
The intermediate-term trend has been UP since Jul 3rd, 2024 at 7.856817
The short-term trend has been DOWN since Jul 24th, 2024 at 7.748600
Smart Scan Analysis for EURCNY
Based on our trend formula, EURCNY is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.869486 | 7.883012 | 7.734900 | 7.883012 | +0.013526 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.869486 | 2024-07-26 20:52:04 |