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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

Japanese Yen/Chinese Yuan Renminbi (FOREX:JPYCNY)

Countertrend Down (-85) - JPYCNY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.

FOREX_JPYCNY
Open High Low JPYCNY Price Change
0.04636204 0.04639823 0.04635547 0.04635606 -0.00000600
Entry Signal

MarketClub’s Trade Triangles for JPYCNY

long term down The long-term trend has been DOWN since Nov 14th, 2024 at 0.04630289

intermediate term down The intermediate-term trend has been DOWN since Dec 19th, 2024 at 0.04679696

short term up The short-term trend has been UP since Dec 25th, 2024 at 0.04666709

Smart Scan Analysis for JPYCNY

Based on our trend formula, JPYCNY is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for JPYCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04636204 0.04639823 0.04635547 0.04635606 -0.00000600
Prev. Close Volume Bid Ask Time
0.04636204 2024-12-26 05:56:30
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