Forex Trend Analysis Report
Prepared for you on Wednesday, June 7, 2023.
Japanese Yen/Chinese Yuan Renminbi (FOREX:JPYCNY)
Weak Downtrend (-65) - JPYCNY is showing signs of a strengthening downtrend. Monitor JPYCNY as it may be building momentum to the downside.
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 Mar 1st, 2023 at 0.05052184
The intermediate-term trend has been DOWN since Apr 11th, 2023 at 0.05148844
The short-term trend has been UP since May 30th, 2023 at 0.05056673
Smart Scan Analysis for JPYCNY
Based on our trend formula, JPYCNY is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).