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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.

FOREX_JPYCNY
Open High Low JPYCNY Price Change
0.04737881 0.04737881 0.04732088 0.04732088 -0.00005800
Entry Signal

MarketClub’s Trade Triangles for JPYCNY

long term down The long-term trend has been DOWN since Feb 13th, 2024 at 0.04726903

intermediate term up The intermediate-term trend has been UP since Mar 6th, 2024 at 0.04778322

short term down 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).

-75
Smart Scan Analysis for JPYCNY
Strong Downtrend Sideways 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
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