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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.

FOREX_CNHJPY
Open High Low CNHJPY Price Change
15.89755 15.90855 15.84895 15.89815 +0.00060
Entry Signal

MarketClub’s Trade Triangles for CNHJPY

long term up The long-term trend has been UP since Aug 27th, 2020 at 15.52800

intermediate term up The intermediate-term trend has been UP since Nov 9th, 2020 at 15.88185

short term up 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).

+100
Smart Scan Analysis for CNHJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.89755 15.90855 15.84895 15.89815 +0.00060
Prev. Close Volume Bid Ask Time
15.89755 2020-11-24 20:46:09
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