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Forex Trend Analysis Report

Prepared for you on Thursday, May 6, 2021.

Japanese Yen/Chinese Yuan Renminbi Offshore (FOREX:JPYCNH)

Bear Market Rally (-75) - JPYCNH is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on JPYCNH as it may be in the beginning of a reversal.

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.

FOREX_JPYCNH
Open High Low JPYCNH Price Change
0.05926242 0.05935628 0.05912703 0.05917680 -0.00008600
Entry Signal

MarketClub’s Trade Triangles for JPYCNH

long term down The long-term trend has been DOWN since Oct 1st, 2020 at 0.06400834

intermediate term up The intermediate-term trend has been UP since Apr 19th, 2021 at 0.06016739

short term down The short-term trend has been DOWN since Apr 20th, 2021 at 0.05985251

Smart Scan Analysis for JPYCNH

Based on our trend formula, JPYCNH is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for JPYCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05926242 0.05935628 0.05912703 0.05917680 -0.00008600
Prev. Close Volume Bid Ask Time
0.05926242 2021-05-06 23:34:57
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