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.
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 DOWN since Apr 8th, 2021 at 0.12826289
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).