Forex Trend Analysis Report
Prepared for you on Thursday, March 30, 2023.
Chinese Yuan Renminbi Offshore/Japanese Yen (FOREX:CNHJPY)
Sidelines Mode (+55) - CNHJPY 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 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.
MarketClub’s Trade Triangles for CNHJPY
The long-term trend has been UP since Mar 1st, 2023 at 19.75325
The intermediate-term trend has been DOWN since Mar 12th, 2023 at 19.38175
The short-term trend has been UP since Mar 28th, 2023 at 19.14375
Smart Scan Analysis for CNHJPY
Based on our trend formula, CNHJPY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).