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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Euro/Chinese Yuan Renminbi (FOREX:EURCNY)
Countertrend Down (-85) - EURCNY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
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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 Nov 18th, 2024 at 7.652256
Smart Scan Analysis for EURCNY
Based on our trend formula, EURCNY is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.671342 | 7.672706 | 7.615200 | 7.656931 | -0.014411 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.671342 | 2024-11-20 03:22:24 |