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Forex Trend Analysis Report

Prepared for you on Friday, January 28, 2022.

Chinese Yuan Renminbi/Euro (FOREX:CNYEUR)

Long-Term Uptrend (+90) - CNYEUR is in a strong uptrend that is likely to continue. While CNYEUR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
0.14109376 0.14130709 0.14083543 0.14091283 -0.00018100
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 Jan 20th, 2022 at 0.13942750

short term up The short-term trend has been UP since Jan 18th, 2022 at 0.13823828

Smart Scan Analysis for CNYEUR

Based on our trend formula, CNYEUR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for CNYEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.14109376 0.14130709 0.14083543 0.14091283 -0.00018100
Prev. Close Volume Bid Ask Time
0.14109376 2022-01-28 12:03:54
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