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Forex Trend Analysis Report

Prepared for you on Saturday, May 30, 2020.

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.

FOREX_CNHJPY
Open High Low CNHJPY Price Change
14.98155 15.14500 14.93815 15.11580 +0.13425
Entry Signal

MarketClub’s Trade Triangles for CNHJPY

long term down The long-term trend has been DOWN since Mar 5th, 2020 at 15.31910

intermediate term down The intermediate-term trend has been DOWN since Apr 27th, 2020 at 15.11000

short term down The short-term trend has been DOWN since May 29th, 2020 at 14.97085

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
Smart Scan Analysis for CNHJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.98155 15.14500 14.93815 15.11580 +0.13425
Prev. Close Volume Bid Ask Time
14.98155 15.11120 15.12040 2020-05-29 17:08:57
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