Forex Trend Analysis Report
Prepared for you on Saturday, February 27, 2021.
Euro/Chinese Yuan Renminbi (FOREX:EURCNY)
Weak Downtrend (-65) - EURCNY is showing signs of a strengthening downtrend. Monitor EURCNY as it may be building momentum to the downside.
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 Feb 22nd, 2021 at 7.8580
The short-term trend has been DOWN since Feb 26th, 2021 at 7.8254
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).