Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
Chinese Yuan Renminbi/Euro (FOREX:CNYEUR)
Bull Market Weakness (+75) - CNYEUR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNYEUR as it may be in the beginning stages of a reversal.
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.
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 Aug 21st, 2020 at 0.12277942
The short-term trend has been DOWN since Nov 23rd, 2020 at 0.12785783
Smart Scan Analysis for CNYEUR
Based on our trend formula, CNYEUR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).