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Forex Trend Analysis Report

Prepared for you on Sunday, April 14, 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.

FOREX_EURCNY
Open High Low EURCNY Price Change
7.5647 7.5657 7.5638 7.5638 -0.0009
Entry Signal

MarketClub’s Trade Triangles for EURCNY

long term down The long-term trend has been DOWN since Apr 11th, 2024 at 7.6134

intermediate term down The intermediate-term trend has been DOWN since Mar 28th, 2024 at 7.6876

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 7.6783

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).

-100
Smart Scan Analysis for EURCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.5647 7.5657 7.5638 7.5638 -0.0009
Prev. Close Volume Bid Ask Time
7.5647 2024-04-13 20:57:55
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