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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Chinese Yuan Renminbi/Japanese Yen (FOREX:CNYJPY)
Long-Term Downtrend (-90) - CNYJPY is in a strong downtrend that is likely to continue. While CNYJPY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for CNYJPY
The long-term trend has been DOWN since Jul 24th, 2024 at 21.244168
The intermediate-term trend has been DOWN since Jul 17th, 2024 at 21.700047
The short-term trend has been DOWN since Jul 17th, 2024 at 21.717810
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 21.222750 | 21.336790 | 21.142593 | 21.205037 | -0.017713 |
| Prev. Close | Volume | Bid | Ask | Time |
| 21.222750 | 2024-07-26 19:38:00 |