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Forex Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

Chinese Yuan Renminbi/Euro (FOREX:CNYEUR)

Weak Uptrend (+65) - CNYEUR is showing signs of weakening momentum to the upside. Monitor 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.

FOREX_CNYEUR
Open High Low CNYEUR Price Change
0.13009337 0.13044124 0.12972209 0.13021364 +0.00012000
Entry Signal

MarketClub’s Trade Triangles for CNYEUR

long term up The long-term trend has been UP since Sep 26th, 2023 at 0.13185503

intermediate term down The intermediate-term trend has been DOWN since Oct 23rd, 2023 at 0.13102920

short term up The short-term trend has been UP since Nov 30th, 2023 at 0.12927100

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
0.13009337 0.13044124 0.12972209 0.13021364 +0.00012000
Prev. Close Volume Bid Ask Time
0.13009337 2023-12-04 18:00:38
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