CNHJPY NEWS why is Renminbi (offshore) / Japanese Yen price falling or rising

CNHJPY NEWS reasons for why stock price of Renminbi (offshore) / Japanese Yen is falling or rising

CNHJPY Renminbifshore Japanese is falling or rising technical reasons

Technical analysis forecast of Renminbifshore Japanese Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Renminbifshore Japanese CNHJPY at this time. Stock is rising and might rise more.

It appears as if Renminbifshore Japanese CNHJPY gave a large move recently.

Stock of Renminbifshore Japanese (CNHJPY) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Renminbifshore Japanese is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Renminbifshore Japanese stays above 21.3, but if it comes below 21.3, then a intra day sell could be more profitable.
If you take a sell trade below 21.3, then use 21.3 as stoploss and 21.1 as target. However if you take a buy trade in Renminbifshore Japanese, then use 21.3 as stoploss and 21.5 as target.

CNHJPY Renminbifshore Japanese is falling or rising NEWS fundamental reasons

More announcements and NEWS

CNHJPY Renminbi (offshore) / Japanese Yen current price & indicator signals

Moving Averages for Renminbi (offshore) / Japanese Yen

  • 5Day Average: 21.32
  • 12Day Average: 21.19
  • 20Day Average: 21.07
  • 50Day Average: 20.88
  • 100Day Average: 20.58
  • 150Day Average: 20.56
  • 200Day Average: 20.39

CNHJPY Indicators & signals

Indicator MACD (12,26,9)

21.2, 21.05, 0.13
Indicator MACD is in positive zone

Indicator ADX (14)

0, 63.64, 63.64
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 46
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of CNHJPY Renminbi (offshore) / Japanese Yen are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
23 Tue Apr 2024 21.31910 21.29440 to 21.34760 -0.16% 0 times
22 Mon Apr 2024 21.35250 21.31130 to 21.35500 0.12% 0 times
19 Fri Apr 2024 21.32630 21.16710 to 21.33370 0.05% 0 times
18 Thu Apr 2024 21.31640 21.26240 to 21.33590 0.08% 0 times
17 Wed Apr 2024 21.29850 21.27710 to 21.33790 0.05% 0 times
16 Tue Apr 2024 21.28810 21.19330 to 21.30660 0.27% 0 times
15 Mon Apr 2024 21.23090 21.10270 to 21.26700 0.66% 0 times
12 Fri Apr 2024 21.09160 21.01180 to 21.11760 -0.09% 0 times
11 Thu Apr 2024 21.11120 21.04250 to 21.12830 0.27% 0 times
10 Wed Apr 2024 21.05530 20.95090 to 21.09280 0.42% 0 times
09 Tue Apr 2024 20.96750 20.93260 to 20.97560 0.01% 0 times
08 Mon Apr 2024 20.96530 20.91530 to 20.97050 0.39% 0 times

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CNHJPY NEWS why is Renminbi (offshore) / Japanese Yen price falling or rising

 

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