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.
MarketClub’s Trade Triangles for EURCNY
The long-term trend has been UP since Mar 6th, 2020 at 7.8428
The intermediate-term trend has been UP since May 18th, 2020 at 7.7395
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).