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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Euro/Chinese Yuan Renminbi (FOREX:EURCNY)
Strong Downtrend (-100) - EURCNY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURCNY continues to fall. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for EURCNY
The long-term trend has been DOWN since Nov 12th, 2024 at 7.663800
The intermediate-term trend has been DOWN since Nov 12th, 2024 at 7.663800
The short-term trend has been DOWN since Dec 24th, 2024 at 7.551723
Smart Scan Analysis for EURCNY
Based on our trend formula, EURCNY is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.589907 | 7.610403 | 7.584688 | 7.606134 | +0.016227 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.589907 | 2024-12-26 19:30:34 |