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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Chinese Yuan Renminbi/Japanese Yen (FOREX:CNYJPY)

Bull Market Weakness (+75) - CNYJPY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNYJPY as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid CNYJPY?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNYJPY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CNYJPY
Open High Low CNYJPY Price Change
21.106520 21.211708 21.106520 21.211708 +0.105188
Entry Signal

MarketClub’s Trade Triangles for CNYJPY

long term up The long-term trend has been UP since Feb 13th, 2024 at 21.155536

intermediate term down The intermediate-term trend has been DOWN since Mar 6th, 2024 at 20.927885

short term up The short-term trend has been UP since Mar 14th, 2024 at 20.862488

Smart Scan Analysis for CNYJPY

Based on our trend formula, CNYJPY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for CNYJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
21.106520 21.211708 21.106520 21.211708 +0.105188
Prev. Close Volume Bid Ask Time
21.106520 2024-03-19 03:11:30
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