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Forex Trend Analysis Report

Prepared for you on Wednesday, March 3, 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.

FOREX_CADJPY
Open High Low CADJPY Price Change
84.6050 84.8635 84.4425 84.5665 -0.0385
Entry Signal

MarketClub’s Trade Triangles for CADJPY

long term up The long-term trend has been UP since Jun 5th, 2020 at 81.4600

intermediate term up The intermediate-term trend has been UP since Nov 9th, 2020 at 80.5235

short term up The short-term trend has been UP since Feb 12th, 2021 at 82.6700

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).

+90
Smart Scan Analysis for CADJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
84.6050 84.8635 84.4425 84.5665 -0.0385
Prev. Close Volume Bid Ask Time
84.6050 2021-03-03 16:59:12
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