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Forex Trend Analysis Report

Prepared for you on Saturday, February 27, 2021.

Euro/Chinese Yuan Renminbi (FOREX:EURCNY)

Weak Downtrend (-65) - EURCNY is showing signs of a strengthening downtrend. Monitor EURCNY as it may be building momentum to the downside.

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
7.8696 7.8696 7.8123 7.8136 -0.0560
Entry Signal

MarketClub’s Trade Triangles for EURCNY

long term down The long-term trend has been DOWN since Oct 14th, 2020 at 7.8856

intermediate term up The intermediate-term trend has been UP since Feb 22nd, 2021 at 7.8580

short term down The short-term trend has been DOWN since Feb 26th, 2021 at 7.8254

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
7.8696 7.8696 7.8123 7.8136 -0.0560
Prev. Close Volume Bid Ask Time
7.8136 2021-02-26 18:52:38
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