Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, March 30, 2023.

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
19.23155 19.23855 19.23015 19.23745 +0.00590
Entry Signal

MarketClub’s Trade Triangles for CNHJPY

long term up The long-term trend has been UP since Mar 1st, 2023 at 19.75325

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2023 at 19.38175

short term up The short-term trend has been UP since Mar 28th, 2023 at 19.14375

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
19.23155 19.23855 19.23015 19.23745 +0.00590
Prev. Close Volume Bid Ask Time
19.23155 2023-03-30 00:21:30
Get a free daily analysis and signals for Chinese Yuan Renminbi Offshore/Japanese Yen (CNHJPY) - Request Your Free Report.