Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Monday, December 9, 2024.
Japanese Yen/Chinese Yuan Renminbi (FOREX:JPYCNY)
Sidelines Mode (-55) - JPYCNY 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 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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for JPYCNY
The long-term trend has been DOWN since Nov 14th, 2024 at 0.04630289
The intermediate-term trend has been UP since Nov 19th, 2024 at 0.04714317
The short-term trend has been DOWN since Dec 4th, 2024 at 0.04814987
Smart Scan Analysis for JPYCNY
Based on our trend formula, JPYCNY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.04857617 | 0.04857617 | 0.04797698 | 0.04799186 | -0.00058400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.04857617 | 2024-12-09 15:43:35 |