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Forex Trend Analysis Report

Prepared for you on Wednesday, July 24, 2024.

Chinese Yuan Renminbi/Euro (FOREX:CNYEUR)

Weak Downtrend (-65) - CNYEUR is showing signs of a strengthening downtrend. Monitor CNYEUR as it may be building momentum to the downside.

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
0.12674556 0.12707415 0.12652777 0.12703418 +0.00028900
Entry Signal

MarketClub’s Trade Triangles for CNYEUR

long term down The long-term trend has been DOWN since Jun 7th, 2024 at 0.12857789

intermediate term down The intermediate-term trend has been DOWN since Jul 3rd, 2024 at 0.12727800

short term up The short-term trend has been UP since Jul 23rd, 2024 at 0.12651272

Smart Scan Analysis for CNYEUR

Based on our trend formula, CNYEUR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for CNYEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.12674556 0.12707415 0.12652777 0.12703418 +0.00028900
Prev. Close Volume Bid Ask Time
0.12674556 2024-07-24 23:39:07
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