Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

Japanese Yen/Chinese Yuan Renminbi (FOREX:JPYCNY)

Weak Downtrend (-65) - JPYCNY is showing signs of a strengthening downtrend. Monitor JPYCNY as it may be building momentum to the downside.

Is it time to buy, sell, or avoid ?

MarketClub looks at technical strength and momentum to determine if the timing is right for JPYCNY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_JPYCNY
Open High Low JPYCNY Price Change
0.06358287 0.06360504 0.06348852 0.06352133 -0.00006200
Entry Signal

MarketClub’s Trade Triangles for JPYCNY

long term down The long-term trend has been DOWN since Dec 12th, 2019 at 0.06374669

intermediate term up The intermediate-term trend has been UP since Feb 2nd, 2020 at 0.06404632

short term down The short-term trend has been DOWN since Feb 17th, 2020 at 0.06349032

Smart Scan Analysis for JPYCNY

Based on our trend formula, JPYCNY is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for JPYCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06358287 0.06360504 0.06348852 0.06352133 -0.00006200
Prev. Close Volume Bid Ask Time
0.06358287 0.06343733 0.06360532 2020-02-17 16:22:06
Get a free daily analysis and signals for Japanese Yen/Chinese Yuan Renminbi (JPYCNY) - Request Your Free Report.