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Forex Trend Analysis Report

Prepared for you on Tuesday, July 5, 2022.

Chinese Yuan Renminbi/Japanese Yen (FOREX:CNYJPY)

Countertrend Up (+85) - CNYJPY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
20.354967 20.354967 20.240690 20.291805 -0.063162
Entry Signal

MarketClub’s Trade Triangles for CNYJPY

long term up The long-term trend has been UP since Aug 27th, 2020 at 15.526692

intermediate term up The intermediate-term trend has been UP since Jun 3rd, 2022 at 19.525585

short term down The short-term trend has been DOWN since Jul 1st, 2022 at 20.204187

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
20.354967 20.354967 20.240690 20.291805 -0.063162
Prev. Close Volume Bid Ask Time
20.354967 2022-07-05 07:49:39
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