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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.
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MarketClub’s Trade Triangles for EURCNY
The long-term trend has been DOWN since Nov 12th, 2024 at 7.663800
The intermediate-term trend has been DOWN since Nov 12th, 2024 at 7.663800
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).
| 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 |