Free Daily Analysis

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.

FOREX_CNYJPY
Open High Low CNYJPY Price Change
15.209871 15.219095 15.069409 15.107280 -0.102591
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 up The intermediate-term trend has been UP since Mar 24th, 2020 at 15.744770

short term down 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).

-65
Smart Scan Analysis for CNYJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.209871 15.219095 15.069409 15.107280 -0.102591
Prev. Close Volume Bid Ask Time
15.209871 15.087793 15.126766 2020-04-01 14:43:15
Get a free daily analysis and signals for Chinese Yuan Renminbi/Japanese Yen (CNYJPY) - Request Your Free Report.