Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, December 1, 2023.

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

Weak Uptrend (+65) - CNHJPY is showing signs of weakening momentum to the upside. Monitor 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
20.72280 20.73975 20.58575 20.60900 -0.11380
Entry Signal

MarketClub’s Trade Triangles for CNHJPY

long term up The long-term trend has been UP since Mar 1st, 2023 at 19.75325

intermediate term up The intermediate-term trend has been UP since Oct 31st, 2023 at 20.57395

short term down The short-term trend has been DOWN since Nov 27th, 2023 at 20.78750

Smart Scan Analysis for CNHJPY

Based on our trend formula, CNHJPY is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for CNHJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.72280 20.73975 20.58575 20.60900 -0.11380
Prev. Close Volume Bid Ask Time
20.72280 2023-12-01 17:11:07
Get a free daily analysis and signals for Chinese Yuan Renminbi Offshore/Japanese Yen (CNHJPY) - Request Your Free Report.