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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Japanese Yen/Chinese Yuan Renminbi Offshore (FOREX:JPYCNH)
Bull Market Weakness (+75) - JPYCNH is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on JPYCNH as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for JPYCNH
The long-term trend has been DOWN since Mar 19th, 2024 at 0.04780244
The intermediate-term trend has been UP since Jul 15th, 2024 at 0.04617566
The short-term trend has been UP since Jul 12th, 2024 at 0.04608795
Smart Scan Analysis for JPYCNH
Based on our trend formula, JPYCNH is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.04716007 | 0.04734066 | 0.04693222 | 0.04725847 | +0.00009800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.04716007 | 2024-07-26 17:00:03 |