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Forex Trend Analysis Report
Prepared for you on Friday, December 13, 2024.
Canadian Dollar/Japanese Yen (FOREX:CADJPY)
Sidelines Mode (-55) - CADJPY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for CADJPY
The long-term trend has been UP since Nov 5th, 2024 at 110.720
The intermediate-term trend has been DOWN since Nov 25th, 2024 at 109.010
The short-term trend has been UP since Dec 10th, 2024 at 107.313
Smart Scan Analysis for CADJPY
Based on our trend formula, CADJPY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 107.4325 | 107.4730 | 107.3700 | 107.3855 | -0.0470 |
| Prev. Close | Volume | Bid | Ask | Time |
| 107.4325 | 2024-12-13 01:35:54 |