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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.

FOREX_JPYCNY
Open High Low JPYCNY Price Change
0.05231464 0.05233166 0.05216942 0.05223236 -0.00008200
Entry Signal

MarketClub’s Trade Triangles for JPYCNY

long term down The long-term trend has been DOWN since Mar 1st, 2023 at 0.05052184

intermediate term up The intermediate-term trend has been UP since Mar 13th, 2023 at 0.05146647

short term down 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).

-55
Smart Scan Analysis for JPYCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05231464 0.05233166 0.05216942 0.05223236 -0.00008200
Prev. Close Volume Bid Ask Time
0.05231464 2023-03-29 06:47:43
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