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Forex Trend Analysis Report

Prepared for you on Saturday, November 16, 2019.

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

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_CNHJPY
Open High Low CNHJPY Price Change
15.49960 15.54150 15.47225 15.52765 +0.02805
Entry Signal

MarketClub’s Trade Triangles for CNHJPY

long term down The long term trend has been DOWN since May 9th, 2019 at 16.1150

intermediate term up The intermediate term trend has been UP since Oct 14th, 2019 at 15.3271

short term down The short term trend has been DOWN since Nov 12th, 2019 at 15.5335

Smart Scan Analysis for CNHJPY

Based on a pre-defined weighted trend formula for chart analysis, CNHJPY scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for CNHJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.49960 15.54150 15.47225 15.52765 +0.02805
Prev. Close Volume Bid Ask Time
15.49960 15.52220 15.53310 2019-11-15 16:59:51
Want to analyze Chinese Yuan Renminbi Offshore/Japanese Yen CNHJPY or another symbol? Try our Free Forex Trend Analysis Report.