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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
Chinese Yuan Renminbi Offshore/Japanese Yen (FOREX:CNHJPY)
Bull Market Weakness (+75) - CNHJPY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNHJPY as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for CNHJPY
The long-term trend has been UP since Mar 19th, 2024 at 20.91955
The intermediate-term trend has been UP since Mar 19th, 2024 at 20.91610
The short-term trend has been DOWN since Apr 18th, 2024 at 21.17150
Smart Scan Analysis for CNHJPY
Based on our trend formula, CNHJPY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 21.2727 | 21.3336 | 21.2652 | 21.3141 | +0.0414 |
| Prev. Close | Volume | Bid | Ask | Time |
| 21.2727 | 2024-04-19 15:24:08 |