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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.

FOREX_EURCNH
Open High Low EURCNH Price Change
7.802290 7.805935 7.802145 7.805310 +0.003020
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 up The intermediate-term trend has been UP since Apr 7th, 2021 at 7.781805

short term down 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).

+55
Smart Scan Analysis for EURCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.802290 7.805935 7.802145 7.805310 +0.003020
Prev. Close Volume Bid Ask Time
7.802290 2021-04-19 01:17:52
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