Forex Trend Analysis Report

Prepared for you on Tuesday, October 15, 2024.

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

Sidelines Mode (+55) - JPYCNH is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

Open	High	Low	JPYCNH Price	Change
0.04756914	0.04788823	0.04756540	0.04781243	+0.00024300
Entry Signal

MarketClub’s Trade Triangles for JPYCNH

The long-term trend has been UP since Jul 31st, 2024 at 0.04804862

The intermediate-term trend has been DOWN since Sep 26th, 2024 at 0.04835508

The short-term trend has been UP since Oct 15th, 2024 at 0.04764781

Smart Scan Analysis for JPYCNH

Based on our trend formula, JPYCNH is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.04756914	0.04788823	0.04756540	0.04781243	+0.00024300
Prev. Close	Volume	Bid	Ask	Time
0.04756914				2024-10-15 18:01:18

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