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Forex Trend Analysis Report
Prepared for you on Tuesday, February 4, 2025.
Japanese Yen/Chinese Yuan Renminbi Offshore (FOREX:JPYCNH)
Sidelines Mode (+55) - JPYCNH 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 JPYCNH?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYCNH.
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 JPYCNH
The long-term trend has been DOWN since Nov 14th, 2024 at 0.04643451
The intermediate-term trend has been UP since Jan 15th, 2025 at 0.04701642
The short-term trend has been DOWN since Feb 4th, 2025 at 0.04699666
Smart Scan Analysis for JPYCNH
Based on our trend formula, JPYCNH is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.04709145 | 0.04761658 | 0.04689007 | 0.04756985 | +0.00047800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.04709145 | 2025-02-04 23:55:01 |