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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Japanese Yen/Chinese Yuan Renminbi Offshore (FOREX:JPYCNH)
Strong Downtrend (-100) - JPYCNH is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, JPYCNH continues to fall. Traders should use caution and set stops.
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 Nov 14th, 2024 at 0.04643451
The intermediate-term trend has been DOWN since Sep 26th, 2024 at 0.04835508
The short-term trend has been DOWN since Nov 20th, 2024 at 0.04665715
Smart Scan Analysis for JPYCNH
Based on our trend formula, JPYCNH is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.04672071 | 0.04672136 | 0.04651422 | 0.04653501 | -0.00018600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.04672071 | 2024-11-20 03:45:19 |