Forex Trend Analysis Report
Prepared for you on Tuesday, August 4, 2020.
Chinese Yuan Renminbi/Japanese Yen (FOREX:CNYJPY)
Countertrend Down (-85) - CNYJPY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 DOWN since Mar 5th, 2020 at 15.334975
The intermediate-term trend has been DOWN since Jul 24th, 2020 at 15.124779
The short-term trend has been UP since Jul 31st, 2020 at 15.093189
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).