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Forex Trend Analysis Report

Prepared for you on Tuesday, December 6, 2022.

Euro/Chinese Yuan Renminbi (FOREX:EURCNY)

Sidelines Mode (+55) - EURCNY 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 EURCNY?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURCNY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURCNY
Open High Low EURCNY Price Change
7.3242 7.3640 7.3033 7.3048 -0.0194
Entry Signal

MarketClub’s Trade Triangles for EURCNY

long term up The long-term trend has been UP since Oct 4th, 2022 at 7.0581

intermediate term up The intermediate-term trend has been UP since Oct 4th, 2022 at 7.0581

short term down The short-term trend has been DOWN since Dec 5th, 2022 at 7.3319

Smart Scan Analysis for EURCNY

Based on our trend formula, EURCNY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for EURCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.3242 7.3640 7.3033 7.3048 -0.0194
Prev. Close Volume Bid Ask Time
7.3242 2022-12-06 23:02:19
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