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Forex Trend Analysis Report

Prepared for you on Thursday, July 7, 2022.

Canadian Dollar/Japanese Yen (FOREX:CADJPY)

Countertrend Up (+85) - CADJPY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
104.2610 104.7890 104.1500 104.6995 +0.4385
Entry Signal

MarketClub’s Trade Triangles for CADJPY

long term up The long-term trend has been UP since Oct 10th, 2021 at 90.210

intermediate term up The intermediate-term trend has been UP since May 31st, 2022 at 101.493

short term down The short-term trend has been DOWN since Jul 5th, 2022 at 104.193

Smart Scan Analysis for CADJPY

Based on our trend formula, CADJPY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for CADJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
104.2610 104.7890 104.1500 104.6995 +0.4385
Prev. Close Volume Bid Ask Time
104.2610 2022-07-07 04:22:50
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