Forex Trend Analysis Report
Prepared for you on Monday, May 6, 2024.
Chinese Yuan Renminbi/Japanese Yen (FOREX:CNYJPY)
Weak Uptrend (+65) - CNYJPY is showing signs of weakening momentum to the upside. Monitor CNYJPY as it may be in the beginning stages of a reversal.
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.
|
MarketClub’s Trade Triangles for CNYJPY
The long-term trend has been UP since Feb 13th, 2024 at 21.155536
The intermediate-term trend has been UP since Mar 19th, 2024 at 21.238967
The short-term trend has been DOWN since May 2nd, 2024 at 21.886977
Smart Scan Analysis for CNYJPY
Based on our trend formula, CNYJPY is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
21.781982 | 21.794068 | 21.691201 | 21.792237 | +0.010255 |
Prev. Close | Volume | Bid | Ask | Time |
21.781982 | 2024-05-06 20:16:35 |