Forex Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
Chinese Yuan Renminbi/Japanese Yen (FOREX:CNYJPY)
Weak Downtrend (-65) - CNYJPY is showing signs of a strengthening downtrend. Monitor CNYJPY as it may be building momentum to the downside.
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 DOWN since Mar 5th, 2020 at 15.334975
The intermediate-term trend has been UP since Mar 24th, 2020 at 15.744770
The short-term trend has been DOWN since Mar 26th, 2020 at 15.475952
Smart Scan Analysis for CNYJPY
Based on our trend formula, CNYJPY is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).