Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, March 2, 2021.

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

Long-Term Uptrend (+90) - CNHJPY is in a strong uptrend that is likely to continue. While CNHJPY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
16.4834 16.5066 16.4766 16.4970 +0.0136
Entry Signal

MarketClub’s Trade Triangles for CNHJPY

long term up The long-term trend has been UP since Aug 27th, 2020 at 15.52800

intermediate term up The intermediate-term trend has been UP since Nov 9th, 2020 at 15.88185

short term up The short-term trend has been UP since Feb 24th, 2021 at 16.37250

Smart Scan Analysis for CNHJPY

Based on our trend formula, CNHJPY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for CNHJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.4834 16.5066 16.4766 16.4970 +0.0136
Prev. Close Volume Bid Ask Time
16.4834 2021-03-02 09:35:36
Get a free daily analysis and signals for Chinese Yuan Renminbi Offshore/Japanese Yen (CNHJPY) - Request Your Free Report.