Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, May 24, 2022.

Chinese Yuan Renminbi/Japanese Yen (FOREX:CNYJPY)

Sidelines Mode (-55) - CNYJPY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid CNYJPY?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNYJPY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CNYJPY
Open High Low CNYJPY Price Change
19.190134 19.190134 19.012493 19.012493 -0.177641
Entry Signal

MarketClub’s Trade Triangles for CNYJPY

long term up The long-term trend has been UP since Aug 27th, 2020 at 15.526692

intermediate term down The intermediate-term trend has been DOWN since May 9th, 2022 at 19.382072

short term up The short-term trend has been UP since May 23rd, 2022 at 19.205205

Smart Scan Analysis for CNYJPY

Based on our trend formula, CNYJPY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for CNYJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.190134 19.190134 19.012493 19.012493 -0.177641
Prev. Close Volume Bid Ask Time
19.190134 2022-05-24 10:48:14
Get a free daily analysis and signals for Chinese Yuan Renminbi/Japanese Yen (CNYJPY) - Request Your Free Report.