Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Japanese Yen/Chinese Yuan Renminbi (FOREX:JPYCNY)
Sidelines Mode (+55) - JPYCNY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Mar 5th, 2020 at 0.06521052
The intermediate-term trend has been UP since Apr 27th, 2020 at 0.06611040
The short-term trend has been DOWN since May 31st, 2020 at 0.06614608
Smart Scan Analysis for JPYCNY
Based on our trend formula, JPYCNY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).