Forex Trend Analysis Report
Prepared for you on Wednesday, January 26, 2022.
Japanese Yen/Chinese Yuan Renminbi Offshore (FOREX:JPYCNH)
Long-Term Downtrend (-90) - JPYCNH is in a strong downtrend that is likely to continue. While JPYCNH is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for JPYCNH
The long-term trend has been DOWN since Oct 1st, 2020 at 0.06400834
The intermediate-term trend has been DOWN since Nov 15th, 2021 at 0.05582086
The short-term trend has been DOWN since Jan 25th, 2022 at 0.05550870
Smart Scan Analysis for JPYCNH
Based on our trend formula, JPYCNH is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).