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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.

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

MarketClub’s Trade Triangles for JPYCNH

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

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

short term up 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
Smart Scan Analysis for JPYCNH
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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