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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.

FOREX_EURCNH
Open High Low EURCNH Price Change
7.592915 7.595150 7.572865 7.579975 -0.012940
Entry Signal

MarketClub’s Trade Triangles for EURCNH

long term down The long-term trend has been DOWN since Jan 10th, 2020 at 7.678805

intermediate term down The intermediate-term trend has been DOWN since Feb 11th, 2020 at 7.597940

short term down 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).

-100
Smart Scan Analysis for EURCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.592915 7.595150 7.572865 7.579975 -0.012940
Prev. Close Volume Bid Ask Time
7.592915 7.579190 7.580760 2020-02-20 02:34:44
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