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Forex Trend Analysis Report
Prepared for you on Friday, January 28, 2022.
Chinese Yuan Renminbi/Euro (FOREX:CNYEUR)
Long-Term Uptrend (+90) - CNYEUR is in a strong uptrend that is likely to continue. While CNYEUR 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 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.
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MarketClub’s Trade Triangles for CNYEUR
The long-term trend has been UP since Oct 14th, 2020 at 0.12681363
The intermediate-term trend has been UP since Jan 20th, 2022 at 0.13942750
The short-term trend has been UP since Jan 18th, 2022 at 0.13823828
Smart Scan Analysis for CNYEUR
Based on our trend formula, CNYEUR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.14109376 | 0.14130709 | 0.14083543 | 0.14091283 | -0.00018100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.14109376 | 2022-01-28 12:03:54 |