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.
MarketClub’s Trade Triangles for CNYEUR
The long-term trend has been UP since Sep 26th, 2023 at 0.13185503
The intermediate-term trend has been DOWN since Oct 23rd, 2023 at 0.13102920
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).