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Forex Trend Analysis Report

Prepared for you on Tuesday, May 18, 2021.

Japanese Yen/Chinese Yuan Renminbi (FOREX:JPYCNY)

Long-Term Downtrend (-90) - JPYCNY is in a strong downtrend that is likely to continue. While JPYCNY 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 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.

FOREX_JPYCNY
Open High Low JPYCNY Price Change
0.05888617 0.05901599 0.05885772 0.05898708 +0.00010100
Entry Signal

MarketClub’s Trade Triangles for JPYCNY

long term down The long-term trend has been DOWN since Aug 27th, 2020 at 0.06440532

intermediate term down The intermediate-term trend has been DOWN since Apr 30th, 2021 at 0.05930934

short term down The short-term trend has been DOWN since May 7th, 2021 at 0.05914182

Smart Scan Analysis for JPYCNY

Based on our trend formula, JPYCNY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for JPYCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05888617 0.05901599 0.05885772 0.05898708 +0.00010100
Prev. Close Volume Bid Ask Time
0.05888617 2021-05-18 13:52:02
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