Forex Trend Analysis Report
Prepared for you on Thursday, February 20, 2020.
Euro/Chinese Yuan Renminbi Offshore (FOREX:EURCNH)
Strong Downtrend (-100) - EURCNH is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 Jan 10th, 2020 at 7.678805
The intermediate-term trend has been DOWN since Feb 11th, 2020 at 7.597940
The short-term trend has been DOWN since Feb 19th, 2020 at 7.555665
Smart Scan Analysis for EURCNH
Based on our trend formula, EURCNH is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).