Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Chinese Yuan Renminbi Offshore/Japanese Yen (FOREX:CNHJPY)
Weak Downtrend (-65) - CNHJPY is showing signs of a strengthening downtrend. Monitor CNHJPY as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for CNHJPY
The long-term trend has been DOWN since Mar 5th, 2020 at 15.31910
The intermediate-term trend has been DOWN since Apr 27th, 2020 at 15.11000
The short-term trend has been DOWN since May 29th, 2020 at 14.97085
Smart Scan Analysis for CNHJPY
Based on our trend formula, CNHJPY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).