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Forex Trend Analysis Report

Prepared for you on Monday, March 20, 2023.

Euro/Chinese Yuan Renminbi (FOREX:EURCNY)

Weak Uptrend (+65) - EURCNY is showing signs of weakening momentum to the upside. Monitor 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
7.34670 7.37720 7.33565 7.37110 +0.02440
Entry Signal

MarketClub’s Trade Triangles for EURCNY

long term up The long-term trend has been UP since Oct 4th, 2022 at 7.05810

intermediate term down The intermediate-term trend has been DOWN since Mar 15th, 2023 at 7.30640

short term up The short-term trend has been UP since Mar 20th, 2023 at 7.35725

Smart Scan Analysis for EURCNY

Based on our trend formula, EURCNY is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for EURCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.34670 7.37720 7.33565 7.37110 +0.02440
Prev. Close Volume Bid Ask Time
7.34670 2023-03-20 13:56:47
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