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Forex Trend Analysis Report

Prepared for you on Friday, January 17, 2025.

Euro/Chinese Yuan Renminbi (FOREX:EURCNY)

Bear Market Rally (-75) - EURCNY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURCNY as it may be in the beginning 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.

FOREX_EURCNY
Open High Low EURCNY Price Change
7.542463 7.556234 7.524743 7.543401 +0.000938
Entry Signal

MarketClub’s Trade Triangles for EURCNY

long term down The long-term trend has been DOWN since Nov 12th, 2024 at 7.663800

intermediate term down The intermediate-term trend has been DOWN since Nov 12th, 2024 at 7.663800

short term up The short-term trend has been UP since Jan 14th, 2025 at 7.558653

Smart Scan Analysis for EURCNY

Based on our trend formula, EURCNY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for EURCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.542463 7.556234 7.524743 7.543401 +0.000938
Prev. Close Volume Bid Ask Time
7.542463 2025-01-17 11:58:20
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