Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Saturday, March 25, 2023.
Chinese Yuan Renminbi Offshore/Euro (FOREX:CNHEUR)
Long-Term Downtrend (-90) - CNHEUR is in a strong downtrend that is likely to continue. While CNHEUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for CNHEUR
The long-term trend has been DOWN since Oct 17th, 2022 at 0.14162099
The intermediate-term trend has been DOWN since Mar 22nd, 2023 at 0.13456415
The short-term trend has been DOWN since Mar 15th, 2023 at 0.13498000
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.13494576 | 0.13563166 | 0.13473575 | 0.13529969 | +0.00035400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.13494576 | 2023-03-24 17:22:59 |