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Forex Trend Analysis Report

Prepared for you on Friday, July 19, 2019.

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

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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
15.64325 15.67950 15.63320 15.64650 +0.00325
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 up The intermediate term trend has been UP since Jun 30th, 2019 at 15.75150

short term down The short term trend has been DOWN since Jul 12th, 2019 at 15.70605

Smart Scan Analysis for CNHJPY

Based on a pre-defined weighted trend formula for chart analysis, CNHJPY scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for CNHJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.64325 15.67950 15.63320 15.64650 +0.00325
Prev. Close Volume Bid Ask Time
15.64325 15.64350 15.64950 2019-07-19 17:29:35
Want to analyze Chinese Yuan Renminbi Offshore/Japanese Yen CNHJPY or another symbol? Try our Free Forex Trend Analysis Report.