Forex Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
Euro/Chinese Yuan Renminbi (FOREX:EURCNY)
Bull Market Weakness (+75) - EURCNY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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 DOWN since Oct 14th, 2020 at 7.8856
The intermediate-term trend has been UP since Nov 30th, 2020 at 7.8756
The short-term trend has been UP since Nov 19th, 2020 at 7.8178
Smart Scan Analysis for EURCNY
Based on our trend formula, EURCNY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).