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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
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.
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MarketClub’s Trade Triangles for CNYJPY
The long-term trend has been UP since Nov 14th, 2024 at 21.596923
The intermediate-term trend has been DOWN since Nov 19th, 2024 at 21.211979
The short-term trend has been UP since Nov 20th, 2024 at 21.447169
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 21.411983 | 21.436482 | 21.270035 | 21.373102 | -0.038881 |
| Prev. Close | Volume | Bid | Ask | Time |
| 21.411983 | 2024-11-21 13:47:32 |