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Forex Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

Chinese Yuan Renminbi/Japanese Yen (FOREX:CNYJPY)

Crossroads (-60) - CNYJPY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
19.069885 19.156229 19.061310 19.156046 +0.086161
Entry Signal

MarketClub’s Trade Triangles for CNYJPY

long term up The long-term trend has been UP since Mar 1st, 2023 at 19.793458

intermediate term down The intermediate-term trend has been DOWN since Mar 13th, 2023 at 19.430164

short term down The short-term trend has been DOWN since Mar 6th, 2023 at 19.652872

Smart Scan Analysis for CNYJPY

Based on our trend formula, CNYJPY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for CNYJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.069885 19.156229 19.061310 19.156046 +0.086161
Prev. Close Volume Bid Ask Time
19.069885 2023-03-21 03:58:57
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