Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Chinese Yuan Renminbi/Japanese Yen (FOREX:CNYJPY)
Long-Term Uptrend (+90) - CNYJPY is in a strong uptrend that is likely to continue. While CNYJPY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.
MarketClub’s Trade Triangles for CNYJPY
The long-term trend has been UP since Aug 27th, 2020 at 15.526692
The intermediate-term trend has been UP since Sep 24th, 2021 at 17.107391
The short-term trend has been UP since Oct 7th, 2021 at 17.294092
Smart Scan Analysis for CNYJPY
Based on our trend formula, CNYJPY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).