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Forex Trend Analysis Report

Prepared for you on Friday, March 24, 2023.

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.

FOREX_CNHJPY
Open High Low CNHJPY Price Change
19.04960 19.05535 18.84540 18.97000 -0.07960
Entry Signal

MarketClub’s Trade Triangles for CNHJPY

long term up The long-term trend has been UP since Mar 1st, 2023 at 19.75325

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2023 at 19.38175

short term down The short-term trend has been DOWN since Mar 24th, 2023 at 19.04435

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).

-60
Smart Scan Analysis for CNHJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.04960 19.05535 18.84540 18.97000 -0.07960
Prev. Close Volume Bid Ask Time
19.04960 2023-03-24 09:38:17
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