Forex Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
Chinese Yuan Renminbi/Japanese Yen (FOREX:CNYJPY)
Countertrend Up (+85) - CNYJPY 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 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 Jun 3rd, 2022 at 19.525585
The short-term trend has been DOWN since Jul 1st, 2022 at 20.204187
Smart Scan Analysis for CNYJPY
Based on our trend formula, CNYJPY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).