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Forex Trend Analysis Report

Prepared for you on Tuesday, August 4, 2020.

Chinese Yuan Renminbi/Japanese Yen (FOREX:CNYJPY)

Countertrend Down (-85) - CNYJPY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.

FOREX_CNYJPY
Open High Low CNYJPY Price Change
15.202134 15.203099 15.139030 15.148901 -0.053233
Entry Signal

MarketClub’s Trade Triangles for CNYJPY

long term down The long-term trend has been DOWN since Mar 5th, 2020 at 15.334975

intermediate term down The intermediate-term trend has been DOWN since Jul 24th, 2020 at 15.124779

short term up The short-term trend has been UP since Jul 31st, 2020 at 15.093189

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).

-85
Smart Scan Analysis for CNYJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.202134 15.203099 15.139030 15.148901 -0.053233
Prev. Close Volume Bid Ask Time
15.202134 15.130490 15.167312 2020-08-04 22:10:56
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