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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

Chinese Yuan Renminbi/Japanese Yen (FOREX:CNYJPY)

Long-Term Uptrend (+90) - CNYJPY is in a strong uptrend that is likely to continue. While CNYJPY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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.

FOREX_CNYJPY
Open High Low CNYJPY Price Change
17.822513 17.827019 17.814814 17.814814 -0.007699
Entry Signal

MarketClub’s Trade Triangles for CNYJPY

long term up The long-term trend has been UP since Aug 27th, 2020 at 15.526692

intermediate term up The intermediate-term trend has been UP since Sep 24th, 2021 at 17.107391

short term up The short-term trend has been UP since Oct 7th, 2021 at 17.294092

Smart Scan Analysis for CNYJPY

Based on our trend formula, CNYJPY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for CNYJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.822513 17.827019 17.814814 17.814814 -0.007699
Prev. Close Volume Bid Ask Time
17.822513 2021-10-22 01:54:23
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