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Forex Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

Japanese Yen/Chinese Yuan Renminbi (FOREX:JPYCNY)

Bear Market Rally (-75) - JPYCNY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on JPYCNY as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid JPYCNY?

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
0.05025021 0.05028085 0.05020650 0.05020650 -0.00004400
Entry Signal

MarketClub’s Trade Triangles for JPYCNY

long term down The long-term trend has been DOWN since Aug 27th, 2020 at 0.06440532

intermediate term up The intermediate-term trend has been UP since Jul 27th, 2022 at 0.04970600

short term down The short-term trend has been DOWN since Aug 17th, 2022 at 0.05040568

Smart Scan Analysis for JPYCNY

Based on our trend formula, JPYCNY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for JPYCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05025021 0.05028085 0.05020650 0.05020650 -0.00004400
Prev. Close Volume Bid Ask Time
0.05025021 2022-08-18 03:05:43
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