Forex Trend Analysis Report
Prepared for you on Saturday, November 28, 2020.
Chinese Yuan Renminbi/Japanese Yen (FOREX:CNYJPY)
Bull Market Weakness (+75) - CNYJPY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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 Aug 27th, 2020 at 15.526692
The intermediate-term trend has been UP since Nov 9th, 2020 at 15.843429
The short-term trend has been DOWN since Nov 27th, 2020 at 15.795034
Smart Scan Analysis for CNYJPY
Based on our trend formula, CNYJPY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).