Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, June 24, 2024.

Euro/Chinese Yuan Renminbi (FOREX:EURCNY)

Bull Market Weakness (+75) - EURCNY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURCNY as it may be in the beginning stages 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
7.763694 7.790650 7.763511 7.788967 +0.025273
Entry Signal

MarketClub’s Trade Triangles for EURCNY

long term up The long-term trend has been UP since Jun 5th, 2024 at 7.777400

intermediate term down The intermediate-term trend has been DOWN since Jun 10th, 2024 at 7.646600

short term up The short-term trend has been UP since Jun 18th, 2024 at 7.793352

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
7.763694 7.790650 7.763511 7.788967 +0.025273
Prev. Close Volume Bid Ask Time
7.763694 2024-06-24 08:01:51
Get a free daily analysis and signals for Euro/Chinese Yuan Renminbi (EURCNY) - Request Your Free Report.