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Forex Trend Analysis Report

Prepared for you on Tuesday, December 10, 2024.

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.

FOREX_CNHJPY
Open High Low CNHJPY Price Change
20.83055 20.92155 20.82635 20.87360 +0.04305
Entry Signal

MarketClub’s Trade Triangles for CNHJPY

long term up The long-term trend has been UP since Nov 14th, 2024 at 21.53575

intermediate term down The intermediate-term trend has been DOWN since Nov 25th, 2024 at 21.16885

short term up The short-term trend has been UP since Dec 4th, 2024 at 20.73410

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).

-55
Smart Scan Analysis for CNHJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.83055 20.92155 20.82635 20.87360 +0.04305
Prev. Close Volume Bid Ask Time
20.83055 2024-12-10 05:44:29
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