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Forex Trend Analysis Report

Prepared for you on Saturday, May 28, 2022.

Chinese Yuan Renminbi Offshore/Japanese Yen (FOREX:CNHJPY)

Crossroads (-60) - CNHJPY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid CNHJPY?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNHJPY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CNHJPY
Open High Low CNHJPY Price Change
18.76305 18.93665 18.74865 18.90785 +0.14480
Entry Signal

MarketClub’s Trade Triangles for CNHJPY

long term up The long-term trend has been UP since Aug 27th, 2020 at 15.5280

intermediate term down The intermediate-term trend has been DOWN since May 9th, 2022 at 19.2590

short term down The short-term trend has been DOWN since May 25th, 2022 at 18.9653

Smart Scan Analysis for CNHJPY

Based on our trend formula, CNHJPY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for CNHJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18.76305 18.93665 18.74865 18.90785 +0.14480
Prev. Close Volume Bid Ask Time
18.76305 2022-05-27 17:02:58
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