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Forex Trend Analysis Report

Prepared for you on Saturday, October 16, 2021.

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.

FOREX_CNYEUR
Open High Low CNYEUR Price Change
0.13383501 0.13403951 0.13383501 0.13393001 +0.00009500
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 up The intermediate-term trend has been UP since Sep 13th, 2021 at 0.13162420

short term down The short-term trend has been DOWN since Oct 13th, 2021 at 0.13395871

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).

+75
Smart Scan Analysis for CNYEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.13383501 0.13403951 0.13383501 0.13393001 +0.00009500
Prev. Close Volume Bid Ask Time
0.13383501 2021-10-15 17:19:11
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