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Forex Trend Analysis Report

Prepared for you on Friday, March 31, 2023.

Japanese Yen/Chinese Yuan Renminbi Offshore (FOREX:JPYCNH)

Weak Downtrend (-65) - JPYCNH is showing signs of a strengthening downtrend. Monitor JPYCNH as it may be building momentum to the downside.

Is it time to buy, sell, or avoid JPYCNH?

MarketClub looks at technical strength and momentum to determine if the timing is right for JPYCNH.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_JPYCNH
Open High Low JPYCNH Price Change
0.05163436 0.05170672 0.05148385 0.05160903 -0.00002500
Entry Signal

MarketClub’s Trade Triangles for JPYCNH

long term down The long-term trend has been DOWN since Mar 1st, 2023 at 0.05062330

intermediate term up The intermediate-term trend has been UP since Mar 12th, 2023 at 0.05159579

short term down The short-term trend has been DOWN since Mar 28th, 2023 at 0.05223570

Smart Scan Analysis for JPYCNH

Based on our trend formula, JPYCNH is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for JPYCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05163436 0.05170672 0.05148385 0.05160903 -0.00002500
Prev. Close Volume Bid Ask Time
0.05163436 2023-03-31 05:33:53
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