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.
MarketClub’s Trade Triangles for CNYEUR
The long-term trend has been DOWN since Oct 4th, 2022 at 0.14168147
The intermediate-term trend has been DOWN since Mar 22nd, 2023 at 0.13478567
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).