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Forex Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

Chinese Yuan Renminbi/Japanese Yen (FOREX:CNYJPY)

Strong Uptrend (+100) - CNYJPY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNYJPY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
16.496386 16.508562 16.488611 16.507625 +0.011239
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 Jan 4th, 2021 at 15.904081

short term up The short-term trend has been UP since Feb 24th, 2021 at 16.362297

Smart Scan Analysis for CNYJPY

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

+100
Smart Scan Analysis for CNYJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.496386 16.508562 16.488611 16.507625 +0.011239
Prev. Close Volume Bid Ask Time
16.496386 2021-03-01 07:38:58
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