Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
Canadian Dollar/Japanese Yen (FOREX:CADJPY)
Long-Term Uptrend (+90) - CADJPY is in a strong uptrend that is likely to continue. While CADJPY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.
MarketClub’s Trade Triangles for CADJPY
The long-term trend has been UP since Oct 10th, 2021 at 90.2100
The intermediate-term trend has been UP since Sep 26th, 2021 at 87.7300
The short-term trend has been UP since Oct 4th, 2021 at 88.2885
Smart Scan Analysis for CADJPY
Based on our trend formula, CADJPY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).