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Forex Trend Analysis Report

Prepared for you on Thursday, December 3, 2020.

Euro/Chinese Yuan Renminbi (FOREX:EURCNY)

Crossroads (+60) - EURCNY is struggling to move into a solid trend. Beware of choppy markets 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
7.95020 7.96540 7.94090 7.94335 -0.00685
Entry Signal

MarketClub’s Trade Triangles for EURCNY

long term down The long-term trend has been DOWN since Oct 14th, 2020 at 7.8856

intermediate term up The intermediate-term trend has been UP since Nov 30th, 2020 at 7.8756

short term up The short-term trend has been UP since Nov 19th, 2020 at 7.8178

Smart Scan Analysis for EURCNY

Based on our trend formula, EURCNY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for EURCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.95020 7.96540 7.94090 7.94335 -0.00685
Prev. Close Volume Bid Ask Time
7.95020 2020-12-03 15:29:03
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