Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
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.
MarketClub’s Trade Triangles for CNHJPY
The long-term trend has been UP since Aug 27th, 2020 at 15.5280
The intermediate-term trend has been DOWN since Apr 19th, 2021 at 16.6207
The short-term trend has been UP since Apr 20th, 2021 at 16.7029
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).