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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Japanese Yen/Chinese Yuan Renminbi (FOREX:JPYCNY)
Long-Term Uptrend (+90) - JPYCNY is in a strong uptrend that is likely to continue. While JPYCNY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
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MarketClub’s Trade Triangles for JPYCNY
The long-term trend has been UP since Jul 24th, 2024 at 0.04707182
The intermediate-term trend has been UP since Jul 15th, 2024 at 0.04602928
The short-term trend has been UP since Jul 17th, 2024 at 0.04604772
Smart Scan Analysis for JPYCNY
Based on our trend formula, JPYCNY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.04711925 | 0.04729789 | 0.04686741 | 0.04715861 | +0.00003900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.04711925 | 2024-07-26 19:49:22 |