Forex Trend Analysis Report
Prepared for you on Sunday, July 3, 2022.
Chinese Yuan Renminbi Offshore/Japanese Yen (FOREX:CNHJPY)
Countertrend Up (+85) - CNHJPY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Jun 2nd, 2022 at 19.49200
The short-term trend has been DOWN since Jun 30th, 2022 at 20.15935
Smart Scan Analysis for CNHJPY
Based on our trend formula, CNHJPY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).