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Forex Trend Analysis Report

Prepared for you on Monday, April 22, 2024.

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

Long-Term Downtrend (-90) - JPYCNH is in a strong downtrend that is likely to continue. While JPYCNH is showing intraday strength, it remains in the confines of a bearish trend. 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.

FOREX_JPYCNH
Open High Low JPYCNH Price Change
0.04688324 0.04690758 0.04683528 0.04686272 -0.00002100
Entry Signal

MarketClub’s Trade Triangles for JPYCNH

long term down The long-term trend has been DOWN since Mar 19th, 2024 at 0.04780244

intermediate term down The intermediate-term trend has been DOWN since Mar 19th, 2024 at 0.04781001

short term down The short-term trend has been DOWN since Apr 22nd, 2024 at 0.04686465

Smart Scan Analysis for JPYCNH

Based on our trend formula, JPYCNH is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for JPYCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04688324 0.04690758 0.04683528 0.04686272 -0.00002100
Prev. Close Volume Bid Ask Time
0.04688324 2024-04-22 08:44:27
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