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Forex Trend Analysis Report

Prepared for you on Tuesday, May 22, 2018.

Japanese Yen/Chinese Renminbi Yuan (FOREX:JPYCNY)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_JPYCNY
Open High Low JPYCNY Price Change
0.057495 0.057545 0.057300 0.057445 -0.000050
Entry Signal

MarketClub’s Trade Triangles for JPYCNY

long term up The long term trend has been UP since Feb 14th, 2018 at 0.059580

intermediate term down The intermediate term trend has been DOWN since Mar 28th, 2018 at 0.058980

short term down The short term trend has been DOWN since May 21st, 2018 at 0.057375

Smart Scan Analysis for JPYCNY

Based on a pre-defined weighted trend formula for chart analysis, JPYCNY scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for JPYCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.057495 0.057545 0.057300 0.057445 -0.000050
Prev. Close Volume Bid Ask Time
0.057495 0.057370 0.057520 2018-05-22 20:49:38
Want to analyze Japanese Yen/Chinese Renminbi Yuan JPYCNY or another symbol? Try our Free Forex Trend Analysis Report.