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.
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 DOWN since May 9th, 2022 at 19.382072
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).