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Forex Trend Analysis Report

Prepared for you on Tuesday, May 28, 2024.

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
115.055 115.213 114.947 115.053 -0.002
Entry Signal

MarketClub’s Trade Triangles for CADJPY

long term up The long-term trend has been UP since Feb 8th, 2024 at 110.7000

intermediate term up The intermediate-term trend has been UP since Mar 20th, 2024 at 111.6375

short term up The short-term trend has been UP since May 24th, 2024 at 114.8895

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
115.055 115.213 114.947 115.053 -0.002
Prev. Close Volume Bid Ask Time
115.055 2024-05-28 10:33:32
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