Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
Japanese Yen/Chinese Yuan Renminbi (FOREX:JPYCNY)
Strong Downtrend (-100) - JPYCNY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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 Sep 24th, 2021 at 0.05845680
The short-term trend has been DOWN since Oct 7th, 2021 at 0.05782364
Smart Scan Analysis for JPYCNY
Based on our trend formula, JPYCNY is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).