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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.
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MarketClub’s Trade Triangles for CADJPY
The long-term trend has been UP since Oct 10th, 2021 at 90.210
The intermediate-term trend has been UP since May 31st, 2022 at 101.493
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).
| 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 |