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Forex Trend Analysis Report

Prepared for you on Saturday, April 20, 2024.

Japanese Yen/Chinese Yuan Renminbi (FOREX:JPYCNY)

Strong Downtrend (-100) - JPYCNY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, JPYCNY continues to fall. Traders should use caution and set stops.

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
0.0458105 0.0458105 0.0458105 0.0458105 0.0000000
Entry Signal

MarketClub’s Trade Triangles for JPYCNY

long term down The long-term trend has been DOWN since Feb 13th, 2024 at 0.04726903

intermediate term down The intermediate-term trend has been DOWN since Mar 19th, 2024 at 0.04708460

short term down The short-term trend has been DOWN since Apr 20th, 2024 at 0.04581753

Smart Scan Analysis for JPYCNY

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

-100
Smart Scan Analysis for JPYCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0458105 0.0458105 0.0458105 0.0458105 0.0000000
Prev. Close Volume Bid Ask Time
0.0458105 2024-04-20 01:08:56
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