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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.
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MarketClub’s Trade Triangles for JPYCNY
The long-term trend has been DOWN since Nov 14th, 2024 at 0.04630289
The intermediate-term trend has been DOWN since Dec 19th, 2024 at 0.04679696
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).
| 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 |