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Forex Trend Analysis Report
Prepared for you on Wednesday, December 8, 2021.
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, SHORTSYMBOL 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 Oct 1st, 2020 at 0.06400834
The intermediate-term trend has been DOWN since Nov 15th, 2021 at 0.05582086
The short-term trend has been DOWN since Dec 6th, 2021 at 0.05611057
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 |
|---|---|---|---|---|
| 0.05596687 | 0.05607045 | 0.05562006 | 0.05579025 | -0.00017700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.05596687 | 2021-12-08 17:50:46 |