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.
MarketClub’s Trade Triangles for CNHJPY
The long-term trend has been UP since Aug 27th, 2020 at 15.5280
The intermediate-term trend has been DOWN since May 9th, 2022 at 19.2590
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).