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.
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 UP since Oct 31st, 2023 at 20.57395
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).