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Forex Trend Analysis Report

Prepared for you on Monday, October 14, 2019.

Euro/Chinese Yuan Renminbi Offshore (FOREX:EURCNH)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

Open High Low EURCNH Price Change
7.81695 7.81776 7.77952 7.80242 -0.01453
Entry Signal

MarketClub’s Trade Triangles for EURCNH

long term up The long term trend has been UP since May 13th, 2019 at 7.77235

intermediate term up The intermediate term trend has been UP since Oct 8th, 2019 at 7.85355

short term down The short term trend has been DOWN since Oct 10th, 2019 at 7.81781

Smart Scan Analysis for EURCNH

Based on a pre-defined weighted trend formula for chart analysis, EURCNH scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for EURCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.81695 7.81776 7.77952 7.80242 -0.01453
Prev. Close Volume Bid Ask Time
7.81695 7.80162 7.80322 2019-10-14 18:40:34
Want to analyze Euro/Chinese Yuan Renminbi Offshore EURCNH or another symbol? Try our Free Forex Trend Analysis Report.