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Forex Trend Analysis Report

Prepared for you on Thursday, March 30, 2023.

Chinese Yuan Renminbi/Euro (FOREX:CNYEUR)

Strong Downtrend (-100) - CNYEUR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CNYEUR continues to fall. Traders should use caution and set stops.

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

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

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

FOREX_CNYEUR
Open High Low CNYEUR Price Change
0.13385471 0.13426808 0.13322521 0.13341896 -0.00043600
Entry Signal

MarketClub’s Trade Triangles for CNYEUR

long term down The long-term trend has been DOWN since Oct 4th, 2022 at 0.14168147

intermediate term down The intermediate-term trend has been DOWN since Mar 22nd, 2023 at 0.13478567

short term down The short-term trend has been DOWN since Mar 15th, 2023 at 0.13508974

Smart Scan Analysis for CNYEUR

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

-100
Smart Scan Analysis for CNYEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.13385471 0.13426808 0.13322521 0.13341896 -0.00043600
Prev. Close Volume Bid Ask Time
0.13385471 2023-03-30 20:19:02
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