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Forex Trend Analysis Report

Prepared for you on Friday, April 19, 2024.

Chinese Yuan Renminbi Offshore/Euro (FOREX:CNHEUR)

Bull Market Weakness (+75) - CNHEUR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNHEUR as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid CNHEUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNHEUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CNHEUR
Open High Low CNHEUR Price Change
0.12968764 0.12976825 0.12923403 0.12941499 -0.00027300
Entry Signal

MarketClub’s Trade Triangles for CNHEUR

long term up The long-term trend has been UP since Apr 15th, 2024 at 0.12957950

intermediate term up The intermediate-term trend has been UP since Apr 1st, 2024 at 0.12797543

short term down The short-term trend has been DOWN since Apr 18th, 2024 at 0.12914574

Smart Scan Analysis for CNHEUR

Based on our trend formula, CNHEUR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for CNHEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.12968764 0.12976825 0.12923403 0.12941499 -0.00027300
Prev. Close Volume Bid Ask Time
0.12968764 2024-04-19 16:52:30
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