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Forex Trend Analysis Report

Prepared for you on Saturday, October 23, 2021.

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
0.05610891 0.05629127 0.05605621 0.05627754 +0.00016900
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 down The intermediate-term trend has been DOWN since Sep 24th, 2021 at 0.05845680

short term up The short-term trend has been UP since Oct 22nd, 2021 at 0.05619762

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
0.05610891 0.05629127 0.05605621 0.05627754 +0.00016900
Prev. Close Volume Bid Ask Time
0.05610891 2021-10-22 16:33:35
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