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Forex Trend Analysis Report

Prepared for you on Saturday, March 6, 2021.

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, SHORTSYMBOL 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
0.05990790 0.06001729 0.05971148 0.05996825 +0.00006000
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 Jan 4th, 2021 at 0.06287704

short term down The short-term trend has been DOWN since Feb 24th, 2021 at 0.06111621

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
0.05990790 0.06001729 0.05971148 0.05996825 +0.00006000
Prev. Close Volume Bid Ask Time
0.05990790 2021-03-05 17:04:13
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