Free Daily Analysis

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.

FOREX_JPYCNY
Open High Low JPYCNY Price Change
0.05112077 0.05118018 0.05110306 0.05110306 -0.00001800
Entry Signal

MarketClub’s Trade Triangles for JPYCNY

long term down The long-term trend has been DOWN since Mar 1st, 2023 at 0.05052184

intermediate term down The intermediate-term trend has been DOWN since Apr 11th, 2023 at 0.05148844

short term up 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).

-65
Smart Scan Analysis for JPYCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05112077 0.05118018 0.05110306 0.05110306 -0.00001800
Prev. Close Volume Bid Ask Time
0.05112077 2023-06-07 04:05:52
Get a free daily analysis and signals for Japanese Yen/Chinese Yuan Renminbi (JPYCNY) - Request Your Free Report.