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Forex Trend Analysis Report

Prepared for you on Wednesday, December 6, 2023.

Canadian Dollar/Japanese Yen (FOREX:CADJPY)

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

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

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

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

FOREX_CADJPY
Open High Low CADJPY Price Change
108.5150 108.5200 108.4615 108.4685 -0.0465
Entry Signal

MarketClub’s Trade Triangles for CADJPY

long term up The long-term trend has been UP since Apr 30th, 2023 at 100.8790

intermediate term down The intermediate-term trend has been DOWN since Nov 20th, 2023 at 107.5005

short term down The short-term trend has been DOWN since Dec 5th, 2023 at 108.1535

Smart Scan Analysis for CADJPY

Based on our trend formula, CADJPY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CADJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
108.5150 108.5200 108.4615 108.4685 -0.0465
Prev. Close Volume Bid Ask Time
108.5150 2023-12-06 00:14:51
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