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.
MarketClub’s Trade Triangles for JPYCNY
The long-term trend has been DOWN since Aug 27th, 2020 at 0.06440532
The intermediate-term trend has been DOWN since Apr 30th, 2021 at 0.05930934
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).