Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Tuesday, May 21, 2019.

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

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.

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
15.90065 15.93000 15.87995 15.88565 -0.01500
Entry Signal

MarketClub’s Trade Triangles for CNHJPY

long term down The long term trend has been DOWN since May 9th, 2019 at 16.11500

intermediate term down The intermediate term trend has been DOWN since Apr 30th, 2019 at 16.49885

short term up The short term trend has been UP since May 19th, 2019 at 15.90795

Smart Scan Analysis for CNHJPY

Based on a pre-defined weighted trend formula for chart analysis, CNHJPY scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for CNHJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.90065 15.93000 15.87995 15.88565 -0.01500
Prev. Close Volume Bid Ask Time
15.90065 15.88400 15.88730 2019-05-21 03:42:06
Want to analyze Chinese Yuan Renminbi Offshore/Japanese Yen CNHJPY or another symbol? Try our Free Forex Trend Analysis Report.