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Forex Trend Analysis Report

Prepared for you on Sunday, June 16, 2024.

Euro/Chinese Yuan Renminbi Offshore (FOREX:EURCNH)

Crossroads (-60) - EURCNH is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_EURCNH
Open High Low EURCNH Price Change
7.7593 7.7593 7.7593 7.7593 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURCNH

long term up The long-term trend has been UP since May 27th, 2024 at 7.890495

intermediate term down The intermediate-term trend has been DOWN since Jun 9th, 2024 at 7.837535

short term down The short-term trend has been DOWN since Jun 14th, 2024 at 7.795870

Smart Scan Analysis for EURCNH

Based on our trend formula, EURCNH is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for EURCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.7593 7.7593 7.7593 7.7593 0.0000
Prev. Close Volume Bid Ask Time
7.7593 2024-06-15 06:10:54
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