Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Chinese Yuan Renminbi/Japanese Yen (FOREX:CNYJPY)
Strong Uptrend (+100) - CNYJPY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNYJPY 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 CNYJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CNYJPY
The long-term trend has been UP since Aug 27th, 2020 at 15.526692
The intermediate-term trend has been UP since Jan 4th, 2021 at 15.904081
The short-term trend has been UP since Feb 24th, 2021 at 16.362297
Smart Scan Analysis for CNYJPY
Based on our trend formula, CNYJPY is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).