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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
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.
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MarketClub’s Trade Triangles for CNHJPY
The long-term trend has been UP since Mar 19th, 2024 at 20.91955
The intermediate-term trend has been DOWN since Jul 15th, 2024 at 21.65560
The short-term trend has been DOWN since Jul 11th, 2024 at 22.01510
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).
-70
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 21.20430 | 21.30735 | 21.12350 | 21.16620 | -0.03810 |
| Prev. Close | Volume | Bid | Ask | Time |
| 21.20430 | 2024-07-26 17:00:05 |
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