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Forex Trend Analysis Report

Prepared for you on Monday, April 19, 2021.

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
0.12766359 0.12778594 0.12760005 0.12761471 -0.00004900
Entry Signal

MarketClub’s Trade Triangles for CNYEUR

long term up The long-term trend has been UP since Oct 14th, 2020 at 0.12681363

intermediate term down The intermediate-term trend has been DOWN since Apr 8th, 2021 at 0.12826289

short term down The short-term trend has been DOWN since Apr 6th, 2021 at 0.12933453

Smart Scan Analysis for CNYEUR

Based on our trend formula, CNYEUR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CNYEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.12766359 0.12778594 0.12760005 0.12761471 -0.00004900
Prev. Close Volume Bid Ask Time
0.12766359 2021-04-19 18:33:37
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