Forex Trend Analysis Report
Prepared for you on Monday, April 19, 2021.
Euro/Chinese Yuan Renminbi Offshore (FOREX:EURCNH)
Sidelines Mode (+55) - EURCNH is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid EURCNH?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURCNH.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURCNH
The long-term trend has been DOWN since Oct 9th, 2020 at 7.891150
The intermediate-term trend has been UP since Apr 7th, 2021 at 7.781805
The short-term trend has been DOWN since Apr 18th, 2021 at 7.804195
Smart Scan Analysis for EURCNH
Based on our trend formula, EURCNH is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).