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.
MarketClub’s Trade Triangles for EURCNY
The long-term trend has been DOWN since Oct 14th, 2020 at 7.8856
The intermediate-term trend has been UP since Nov 30th, 2020 at 7.8756
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).