Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, October 26, 2021.

Euro/Chinese Yuan Renminbi (FOREX:EURCNY)

Strong Downtrend (-100) - EURCNY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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
7.40430 7.42560 7.39500 7.39585 -0.00845
Entry Signal

MarketClub’s Trade Triangles for EURCNY

long term down The long-term trend has been DOWN since Oct 14th, 2020 at 7.8856

intermediate term down The intermediate-term trend has been DOWN since Sep 16th, 2021 at 7.5905

short term down The short-term trend has been DOWN since Oct 18th, 2021 at 7.4593

Smart Scan Analysis for EURCNY

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

-100
Smart Scan Analysis for EURCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.40430 7.42560 7.39500 7.39585 -0.00845
Prev. Close Volume Bid Ask Time
7.40430 2021-10-26 13:12:39
Get a free daily analysis and signals for Euro/Chinese Yuan Renminbi (EURCNY) - Request Your Free Report.