Forex Trend Analysis Report
Prepared for you on Wednesday, December 6, 2023.
Canadian Dollar/Japanese Yen (FOREX:CADJPY)
Weak Downtrend (-65) - CADJPY is showing signs of a strengthening downtrend. Monitor CADJPY as it may be building momentum to the downside.
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 Apr 30th, 2023 at 100.8790
The intermediate-term trend has been DOWN since Nov 20th, 2023 at 107.5005
The short-term trend has been DOWN since Dec 5th, 2023 at 108.1535
Smart Scan Analysis for CADJPY
Based on our trend formula, CADJPY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).