Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
Japanese Yen/Chinese Yuan Renminbi (FOREX:JPYCNY)
Bull Market Weakness (+75) - JPYCNY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on JPYCNY as it may be in the beginning stages of a reversal.
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 Nov 21st, 2023 at 0.04821580
The short-term trend has been UP since Nov 27th, 2023 at 0.04781942
Smart Scan Analysis for JPYCNY
Based on our trend formula, JPYCNY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).