Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2024.
Japanese Yen/Chinese Yuan Renminbi (FOREX:JPYCNY)
Bear Market Rally (-75) - JPYCNY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on JPYCNY as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid JPYCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYCNY.
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 JPYCNY
The long-term trend has been DOWN since Feb 13th, 2024 at 0.04726903
The intermediate-term trend has been UP since Mar 6th, 2024 at 0.04778322
The short-term trend has been DOWN since Mar 14th, 2024 at 0.04793300
Smart Scan Analysis for JPYCNY
Based on our trend formula, JPYCNY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
0.04737881 | 0.04737881 | 0.04732088 | 0.04732088 | -0.00005800 |
Prev. Close | Volume | Bid | Ask | Time |
0.04737881 | 2024-03-19 01:01:20 |