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Forex Trend Analysis Report

Prepared for you on Saturday, May 30, 2020.

Euro/Chinese Yuan Renminbi (FOREX:EURCNY)

Long-Term Uptrend (+90) - EURCNY is in a strong uptrend that is likely to continue. While EURCNY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
7.92335 7.92335 7.92335 7.92335 0.00000
Entry Signal

MarketClub’s Trade Triangles for EURCNY

long term up The long-term trend has been UP since Mar 6th, 2020 at 7.8428

intermediate term up The intermediate-term trend has been UP since May 18th, 2020 at 7.7395

short term up The short-term trend has been UP since May 26th, 2020 at 7.7902

Smart Scan Analysis for EURCNY

Based on our trend formula, EURCNY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for EURCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.92335 7.92335 7.92335 7.92335 0.00000
Prev. Close Volume Bid Ask Time
7.92335 7.91200 7.93470 2020-05-30 12:36:14
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