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.
MarketClub’s Trade Triangles for JPYCNY
The long-term trend has been DOWN since Aug 27th, 2020 at 0.06440532
The intermediate-term trend has been UP since Jul 27th, 2022 at 0.04970600
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).