Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, May 28, 2024.

Chinese Yuan Renminbi Offshore/Japanese Yen (FOREX:CNHJPY)

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

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

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

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

FOREX_CNHJPY
Open High Low CNHJPY Price Change
21.58300 21.61535 21.57170 21.57250 -0.01050
Entry Signal

MarketClub’s Trade Triangles for CNHJPY

long term up The long-term trend has been UP since Mar 19th, 2024 at 20.91955

intermediate term up The intermediate-term trend has been UP since Mar 19th, 2024 at 20.91610

short term down The short-term trend has been DOWN since May 28th, 2024 at 21.57845

Smart Scan Analysis for CNHJPY

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

+75
Smart Scan Analysis for CNHJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
21.58300 21.61535 21.57170 21.57250 -0.01050
Prev. Close Volume Bid Ask Time
21.58300 2024-05-28 09:00:05
Get a free daily analysis and signals for Chinese Yuan Renminbi Offshore/Japanese Yen (CNHJPY) - Request Your Free Report.