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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.

FOREX_CNYJPY
Open High Low CNYJPY Price Change
21.781982 21.794068 21.691201 21.792237 +0.010255
Entry Signal

MarketClub’s Trade Triangles for CNYJPY

long term up The long-term trend has been UP since Feb 13th, 2024 at 21.155536

intermediate term up The intermediate-term trend has been UP since Mar 19th, 2024 at 21.238967

short term down 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).

+65
Smart Scan Analysis for CNYJPY
Strong Downtrend Sideways 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
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