Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Monday, October 14, 2024.
Chinese Yuan Renminbi/Japanese Yen (FOREX:CNYJPY)
Bull Market Weakness (+75) - CNYJPY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNYJPY as it may be in the beginning stages of a reversal.
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 DOWN since Jul 24th, 2024 at 21.244168
The intermediate-term trend has been UP since Sep 26th, 2024 at 20.678339
The short-term trend has been UP since Oct 2nd, 2024 at 20.569695
Smart Scan Analysis for CNYJPY
Based on our trend formula, CNYJPY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 21.109313 | 21.132582 | 21.071258 | 21.121627 | +0.012314 |
| Prev. Close | Volume | Bid | Ask | Time |
| 21.109313 | 2024-10-14 08:05:57 |