Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, June 14, 2024.

Japanese Yen/Chinese Yuan Renminbi (FOREX:JPYCNY)

Crossroads (+60) - JPYCNY is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_JPYCNY
Open High Low JPYCNY Price Change
0.04599040 0.04623065 0.04586075 0.04608647 +0.00009600
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 Jun 7th, 2024 at 0.04604846

short term up The short-term trend has been UP since Jun 12th, 2024 at 0.04546589

Smart Scan Analysis for JPYCNY

Based on our trend formula, JPYCNY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for JPYCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04599040 0.04623065 0.04586075 0.04608647 +0.00009600
Prev. Close Volume Bid Ask Time
0.04599040 2024-06-14 17:00:49
Get a free daily analysis and signals for Japanese Yen/Chinese Yuan Renminbi (JPYCNY) - Request Your Free Report.