Forex Trend Analysis Report
Prepared for you on Friday, November 26, 2021.
Euro/Chinese Yuan Renminbi Offshore (FOREX:EURCNH)
Bear Market Rally (-75) - EURCNH is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURCNH as it may be in the beginning of a reversal.
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 DOWN since Sep 15th, 2021 at 7.587700
The short-term trend has been UP since Nov 26th, 2021 at 7.206015
Smart Scan Analysis for EURCNH
Based on our trend formula, EURCNH is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).