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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.
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MarketClub’s Trade Triangles for CNYJPY
The long-term trend has been UP since Mar 1st, 2023 at 19.793458
The intermediate-term trend has been DOWN since Mar 13th, 2023 at 19.430164
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).
| 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 |