Forex Trend Analysis Report
Prepared for you on Tuesday, November 24, 2020.
Chinese Yuan Renminbi Offshore/Japanese Yen (FOREX:CNHJPY)
Strong Uptrend (+100) - CNHJPY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNHJPY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Aug 27th, 2020 at 15.52800
The intermediate-term trend has been UP since Nov 9th, 2020 at 15.88185
The short-term trend has been UP since Nov 23rd, 2020 at 15.85355
Smart Scan Analysis for CNHJPY
Based on our trend formula, CNHJPY is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).