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.
MarketClub’s Trade Triangles for EURCNY
The long-term trend has been UP since Oct 4th, 2022 at 7.0581
The intermediate-term trend has been UP since Oct 4th, 2022 at 7.0581
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).