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Forex Trend Analysis Report

Prepared for you on Tuesday, January 18, 2022.

Japanese Yen/Chinese Yuan Renminbi (FOREX:JPYCNY)

Weak Downtrend (-65) - JPYCNY is showing signs of a strengthening downtrend. Monitor JPYCNY as it may be building momentum to the downside.

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
0.05523893 0.05546324 0.05523893 0.05540368 +0.00016500
Entry Signal

MarketClub’s Trade Triangles for JPYCNY

long term down The long-term trend has been DOWN since Aug 27th, 2020 at 0.06440532

intermediate term down The intermediate-term trend has been DOWN since Nov 15th, 2021 at 0.05587357

short term up The short-term trend has been UP since Jan 7th, 2022 at 0.05515671

Smart Scan Analysis for JPYCNY

Based on our trend formula, JPYCNY is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for JPYCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05523893 0.05546324 0.05523893 0.05540368 +0.00016500
Prev. Close Volume Bid Ask Time
0.05523893 2022-01-18 08:11:49
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