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Forex Trend Analysis Report

Prepared for you on Monday, December 6, 2021.

Chinese Yuan Renminbi Offshore/Euro (FOREX:CNHEUR)

Long-Term Uptrend (+90) - CNHEUR is in a strong uptrend that is likely to continue. While CNHEUR 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 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
0.13905489 0.13920122 0.13865549 0.13899797 -0.00005700
Entry Signal

MarketClub’s Trade Triangles for CNHEUR

long term up The long-term trend has been UP since Sep 1st, 2020 at 0.12274465

intermediate term up The intermediate-term trend has been UP since Sep 15th, 2021 at 0.13179225

short term up The short-term trend has been UP since Dec 6th, 2021 at 0.13914312

Smart Scan Analysis for CNHEUR

Based on our trend formula, CNHEUR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for CNHEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.13905489 0.13920122 0.13865549 0.13899797 -0.00005700
Prev. Close Volume Bid Ask Time
0.13905489 2021-12-06 18:13:04
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