Forex Trend Analysis Report
Prepared for you on Monday, March 20, 2023.
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 Oct 4th, 2022 at 7.05810
The intermediate-term trend has been DOWN since Mar 15th, 2023 at 7.30640
The short-term trend has been UP since Mar 20th, 2023 at 7.35725
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).