Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Sunday, December 10, 2023.

Euro/Chinese Yuan Renminbi (FOREX:EURCNY)

Long-Term Downtrend (-90) - EURCNY is in a strong downtrend that is likely to continue. While EURCNY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_EURCNY
Open High Low EURCNY Price Change
7.6772 7.6783 7.6772 7.6783 +0.0011
Entry Signal

MarketClub’s Trade Triangles for EURCNY

long term down The long-term trend has been DOWN since Sep 26th, 2023 at 7.5841

intermediate term down The intermediate-term trend has been DOWN since Dec 5th, 2023 at 7.6562

short term down The short-term trend has been DOWN since Nov 28th, 2023 at 7.7375

Smart Scan Analysis for EURCNY

Based on our trend formula, EURCNY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for EURCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.6772 7.6783 7.6772 7.6783 +0.0011
Prev. Close Volume Bid Ask Time
7.6772 2023-12-09 11:37:38
Get a free daily analysis and signals for Euro/Chinese Yuan Renminbi (EURCNY) - Request Your Free Report.