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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Japanese Yen/Canadian Dollar (FOREX:JPYCAD)

Bear Market Rally (-75) - JPYCAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on JPYCAD as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid JPYCAD?

MarketClub looks at technical strength and momentum to determine if the timing is right for JPYCAD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_JPYCAD
Open High Low JPYCAD Price Change
0.00905800 0.00905836 0.00901400 0.00901500 -0.00004300
Entry Signal

MarketClub’s Trade Triangles for JPYCAD

long term down The long-term trend has been DOWN since Feb 8th, 2024 at 0.00903454

intermediate term up The intermediate-term trend has been UP since Mar 6th, 2024 at 0.00908000

short term down The short-term trend has been DOWN since Mar 13th, 2024 at 0.00912400

Smart Scan Analysis for JPYCAD

Based on our trend formula, JPYCAD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for JPYCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00905800 0.00905836 0.00901400 0.00901500 -0.00004300
Prev. Close Volume Bid Ask Time
0.00905800 2024-03-19 05:55:50
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