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.
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 DOWN since Sep 16th, 2021 at 7.5905
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).