Forex Trend Analysis Report
Prepared for you on Wednesday, March 29, 2023.
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 Mar 1st, 2023 at 0.05052184
The intermediate-term trend has been UP since Mar 13th, 2023 at 0.05146647
The short-term trend has been DOWN since Mar 29th, 2023 at 0.05226543
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).