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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.

FOREX_EURCNH
Open High Low EURCNH Price Change
7.174655 7.248650 7.173785 7.240275 +0.065620
Entry Signal

MarketClub’s Trade Triangles for EURCNH

long term down The long-term trend has been DOWN since Oct 9th, 2020 at 7.891150

intermediate term down The intermediate-term trend has been DOWN since Sep 15th, 2021 at 7.587700

short term up 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).

-75
Smart Scan Analysis for EURCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.174655 7.248650 7.173785 7.240275 +0.065620
Prev. Close Volume Bid Ask Time
7.174655 2021-11-26 16:59:46
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