Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

Chinese Yuan Renminbi Offshore/Euro (FOREX:CNHEUR)

Sidelines Mode (-55) - CNHEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

Open	High	Low	CNHEUR Price	Change
0.12696204	0.12706174	0.12672713	0.12682792	-0.00013400
Entry Signal

MarketClub’s Trade Triangles for CNHEUR

The long-term trend has been DOWN since May 27th, 2024 at 0.12673476

The intermediate-term trend has been DOWN since Jul 3rd, 2024 at 0.12706351

The short-term trend has been UP since Jul 19th, 2024 at 0.12623633

Smart Scan Analysis for CNHEUR

Based on our trend formula, CNHEUR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.12696204	0.12706174	0.12672713	0.12682792	-0.00013400
Prev. Close	Volume	Bid	Ask	Time
0.12696204				2024-07-26 17:00:05

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